Pharma Companies to Invest $18 Million in Malta FacilityBy
Laboratorio de ProductosÉticos, a San Lorenzo, Paraguay-headquartered pharmaceutical company, and Cevomed, a Malta, Europe-headquartered pharmaceutical distribution company, have signed a letter of intent with the Malta Enterprise, the country’s economic development agency, for the allocation of industrial space to set up a business in Malta under the name of Cetic Pharmaceuticals for manufacturing pharmaceutical products in Malta.
Cetic Pharmaceuticals is expected to be engaged principally in the manufacture of ophthalmic preparations in sterile, liquid, semi-solid, or solid form for application to the conjunctiva, the conjunctiva sac and the eyelids as well as nasal sprays intended for the local treatment of nasal congestion, allergic rhinitis and similar conditions.
Laboratorio de ProductosÉticos says it is manufacturing pharmaceutical products in line with the World Health Organization’s good manufacturing practices and the guidelines issued by the European Medicines Evaluation Agency and the US Food and Drug Administration.
Source: Malta Enterprise