Health & Beauty

Protein Sciences and Avanzcare Enter Licensing Agreement for Influenza Vaccines for the MENA Region

Protein Sciences Corp. and Avanzcare reported that they have signed an agreement designating Avanzcare as the exclusive distributor of Protein Sciences' proprietary Flublok (seasonal) and Panblok (pandemic) influenza vaccines and potentially other vaccines to be developed in the future for certain Middle East and North Africa (MENA) markets.

According to a media release, under the terms of the agreement, Avanzcare will pursue registration of Flublok in all licensed countries and will initially purchase Flublok from Protein Sciences for distribution in the region.

The MENA region represents about 6 percent of the total world population. This agreement expands the global footprint of Flublok and other Protein Sciences' vaccines.

Dan Adams, Executive Chairman and Global Head of Business Development for Protein Sciences said, "Representatives from the MENA region have long been interested in Flublok and other Protein Sciences' vaccines because of Flublok's attractive product profile as a high efficacy, high purity flu vaccine. Our platform technology that allows safe and rapid development of vaccines against viral threats in the region has also driven the interest." He added, "Avanzcare's extensive network in the region and experience in securing regulatory approval of pharmaceutical products make it a strong partner that will allow us to reach many countries while streamlining operations." He added, "We acknowledge and are very grateful for the role the U.S. Commercial Service of the U.S Embassy in Qatar played in initiating and assisting in the successful completion of this important partnership."

Sheikh Turki Bin Faisal al Thani, Chairman for Al Sawari Holding, said, "Avanzcare is determined to make a difference on patient's daily life by ensuring access to innovative products and services that will contribute to a healthier life. Protein Science's innovative vaccines will generate significant value to our region's healthcare and above all protect our people."

Dana Shell Smith, U.S. Ambassador to the State of Qatar said, "We are so pleased to see another U.S. company successfully enter the Qatari market. There are so many promising opportunities here in a variety of sectors such as biotech and healthcare and American companies like Protein Sciences are helping to pave the way towards innovative solutions."

John Youssef, General Manager of Avanzcare said, "We are pleased to associate with Protein Sciences as this partnership represents an important step for our company that is committed to constantly develop the healthcare sector and improve the quality of life in our region. Together we will be able to deliver a highly effective, pure, and safe flu vaccine, a latent need in the MENA region."

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