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Pharma Tech Outlook | Friday, June 04, 2021
ProBioGen and Minapharm Pharmaceuticals have announced the incorporation of ProBioGen's subsidiary "MiGenTra," which will have headquarters in Berlin.
FREMONT, CA: ProBioGen and Minapharm Pharmaceuticals have announced the incorporation of ProBioGen's subsidiary "MiGenTra," which will have headquarters in Berlin and connect directly to a site in Cairo that will house its primary manufacturing plant. The creation of MiGenTra accelerates ProBioGen's 2030 growth roadmap. It demonstrates that future growth is not restricted to continuous capacity expansion but exposes many essential steps in ProBioGen's business diversification.
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MiGenTra will improve access to life-changing medicines for Egypt, the Middle East, and Africa (MEA) while strengthening regional and local manufacturing capabilities. In addition, the business will react to immediate unmet medical needs by assisting the World Health Organization (WHO) and the International Finance Corporation (IFC) in their efforts (IFC).
MiGenTra brings together the scientific and manufacturing expertise of both contributing companies, ProBioGen, and Minapharm Pharmaceuticals. It is formed for product development and commercialization in Biosimilars, Cell and Gene Therapies (CGT), and vaccines, leveraging ProBioGen's strong development abilities and Minapharm's strong market position in the region.
"Healthcare is not a privilege but a human right," says Lutz Hilbrich, MD MBA and Chief Executive Officer of ProBioGen. He continues, "By creating MiGenTra we exemplify our commitment to overcome inequalities. ProBioGen has been for a while on a growth path. With the formation of MiGenTra we aim to further accelerate our growth while transforming the lives of millions in urgent medical need through state of the art medicines at affordable prices. I am honored to take on the CEO position for this newly built entity. We are committed to contributing to the transformational change across healthcare in the African continent."
Wafik Bardissi, PhD, Chairman and Chief Executive Officer of Minapharm Pharmaceuticals, added, "MiGenTra marks a starting point of practice to consolidate an international platform of intelligent biopharmaceutical technologies with a longstanding regional process development and manufacturing expertise in the Middle East and Africa. Minapharm has demonstrated the feasibility of aligning economic interests and equality in access to affordable complex genetically engineered medicines. The COVID-19 pandemic has once again exposed global inequalities the world has ignored for too long. MiGenTra pledges to ensure equitable access to essential medicines, thereby contributing to the Global Health Initiative."
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