A subsidiary of “Saudi Chemical” acquires the rights to Cialis drug...

A subsidiary of “Saudi Chemical” acquires the rights to Cialis drug...
A subsidiary of “Saudi Chemical” acquires the rights to Cialis drug...

The company signed Saudi Chemical Holding Eli Lilly Company has an acquisition agreement, according to which Saudi Chemical will acquire all rights to dispense Cialis in Saudi Arabia in its 5 mg and 20 mg concentrations.

The “Saudi Chemical” said in a statement on “Tadawul Saudi”, today, Tuesday, that Aja Pharmaceutical Industries “Aja Pharma”, one of the subsidiaries of the Saudi Chemical Holding Company, will, through this acquisition, be the manufacturer and supplier of Cialis in the Saudi market.

It expected annual sales of this product in Saudi Arabia to reach nearly 100 million riyals ($26.7 million).

She pointed out that the completion of the deal is conditional on obtaining approval from the relevant government agencies.

She explained that Cialis is used to treat erectile dysfunction in men as well as to treat the signs and symptoms of noncancerous benign prostatic hyperplasia.

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