Sunday 4 June 2023

Viatris, a world leader in the manufacture of generic drugs, opens operations in Costa Rica

The US company, the sixth largest manufacturer of generic drugs according to Cinde, made an initial investment of us$1.4 million in the country and has already hired 56 people.

Paying the bills

Latest

Ortega green lights arrival of military personnel and aircraft from Russia, Cuba, and Venezuela

Q24N (EFE) Daniel Ortega, the president of Nicaragua, has...

What reasons for businesses to choose newer office spaces in Costa Rica?

Q COSTA RICA  - The demand for high-tech office...

Gas price hike approved; diesel dropping

Q COSTA RICA - The regulatory authority, the Autoridad...

We’re in for a wet Friday!

Q COSTA RICA - We're in for a wet...

Stepping on a scale before boarding?

Q24N - Take off your shoes. Take the keys...

Man sentenced to 35 years in prison for murder of ex-wife

QCOSTARICA - The Criminal Court of Santa Cruz, Guanacaste,...

Dollar Exchange

¢537.33 BUY

¢545.84 SELL

3 June 2023 - At The Banks - Source: BCCR

Paying the bills

Share

QCOSTARICA -Viatris, one of the largest generic drug manufacturers in the world, announced the opening of commercial operations in Costa Rica, with an initial investment of US$1.4 million, the hiring of 56 workers and the goal of growing in the medium term.

On March 4, Viatris company opened its operations in Costa Rica. The company is the sixth in the world in manufacturing and distribution of medicines. Photo: Courtesy Viatris

The company, formed last November formed through the merger of Mylan and Upjohn, Pfizer’s generic drugs division, will import and distribute medicines in the region.

The new company, which according to the Costa Rica Investment Promotion Agency, CINDE, is the sixth-largest drug supplier in the world, produces and sells brands such as Viagra, Xanax, Lipitor, generics, including branded and complex generics, biosimilars, and over-the-counter (OTC) drugs and the emergency treatment of severe allergic reactions, EpiPen.

- Advertisement -

Patrick Doyle, Viatris leader for Latin America, highlighted the country’s global and solidarity health system, led by the Costa Rican Social Security Fund (CCSS).

“With world-class public health ratings, it is the natural choice for a company like Viatris. As champions of accessible health, collaboration and leadership, we found a like-minded ally in your country,” said Doyle.

Esmeralda Rodríguez Poleo, Viatris general manager for the Central American and Caribbean Region

For Esmeralda Rodríguez, leader of the Viatris Cluster in Central America and the Caribbean, the company sets precedents as an accessible pharmaceutical alternative.

“Having access to an important variety of quality drugs such as original, generic or biosimilars (equivalent in quality, efficacy, and safety to an original biological drug), will be of great value for the institutions and the Costa Rican population,” added Rodríguez.

The multinational reported that, in a period of six months to a year, it will expand its operation in the country, which will require hiring more people in areas such as sales, regulation, and accounting, among others.

Viatris has operations in 165 countries and has more than 45,000 employees.

- Advertisement -

The firm is known for bringing together the best scientific, manufacturing and distribution expertise, with proven medical and commercial capabilities to provide quality drugs to patients when and where they need them.

- Advertisement -
Paying the bills
Avatar photo
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Boston Scientific expands its presence in Costa Rica with new operations in Cartago

QCOSTARICA - Boston Scientific Corporation (NYSE: BSX) – a world leader...

Pfizer will now offer a total of 500 products at cost to poor countries

Q24N (EFE) US pharmaceutical giant Pfizer announced on Tuesday that it...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

%d bloggers like this: