VentureTECH Made a $5.1 Strategic Investment in Pharmaceutical Manufacturer Ain Medicare
A-Bio Sdn Bhd has entered into a strategic collaboration via investment in Ain Medicare Sdn Bhd to increase the competitiveness of Ain Medicare in pharmaceutical industry by venturing into the manufacturing of higher value bio-based products. With approximately 1,200 employees, Ain Medicare is a now a leading producer of pharmaceutical and medical devices products such as parenterals, haemodialysis concentrates, peritoneal dialysis solutions and heparins for dialysis markets, with local market share of almost 40%. The persistence of Ain Medicare has received strong support from the Government particularly from the Ministry of Health, Ministry of International Trade and Industry as well as MIDA. Read more at Deal Street Asia