Cosmos Health Signs Five-Year Manufacturing Agreement with Pharmex

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: 2 days ago

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Source: Newsfilter

Contract Manufacturing Agreement: Cosmos Health has signed a five-year contract manufacturing agreement with Pharmex through its subsidiary Cana Laboratories, expected to produce approximately 2.86 million units of three pharmaceutical products over the term, reinforcing its position in the contract manufacturing sector.
Production Details: Under the agreement, Cana will manufacture BETAFUSIN®, BOTAFEX®, and BUDESODERM® at its EU-GMP-licensed facility, with annual production of 450,000 units for BETAFUSIN® alone, totaling 2.25 million units over five years, indicating strong market demand.
Increased Capacity Utilization: This agreement not only enhances the utilization of Cana's production capacity but also brings higher contract manufacturing revenues to Cosmos Health, which is expected to strengthen the company's long-term financial stability and profitability.
Strategic Partnership Outlook: CEO Greg Siokas stated that this collaboration reflects the strength of their manufacturing platform, and the company aims to expand its partnership with Pharmex over time, enhancing its competitive edge in the market.

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About COSM

Cosmos Health Inc. is a diversified, vertically integrated global healthcare company. The Company owns a portfolio of proprietary pharmaceutical and nutraceutical brands, including Sky Premium Life, Mediterranation, bio-bebe, C-Sept and C-Scrub. Through its subsidiary Cana Laboratories S.A., it manufactures pharmaceuticals, food supplements, cosmetics, biocides, and medical devices within the European Union. It also distributes a broad line of pharmaceuticals and parapharmaceuticals, including branded generics and over-the-counter (OTC) medications, to retail pharmacies and wholesale distributors through its subsidiaries in Greece and the United Kingdom. It also has research and development (R&D) partnerships targeting health disorders such as obesity, diabetes, and cancer, enhanced by artificial intelligence drug repurposing technologies, and focuses on the R&D of patented nutraceuticals, specialized root extracts, proprietary complex generics, and OTC products.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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