BioGaia signs exclusive agreement in Sri Lanka
NewsOctober 26, 2015
Axero Associates (Pvt) Limited, is a rapidly growing pharmaceutical company in Sri Lanka. The company’s business consists of licensing, business development, marketing, sales and distribution of a wide range of products, both over-the-counter and prescription drugs, in many different therapeutic segments. Axero markets its products towards health care professionals through a team of medical delegates.
Axero will initially launch BioGaia ProTectis drops and tablets, BioGaia’s biggest products, and later also market BioGaia ProDentis and Gastrus. Today the drops are sold in 70 countries and the tablets in 50 countries worldwide.
“We see a great potential for BioGaia’s probiotics in Sri Lanka and look forward to bringing these well documented products to our market and to a successful cooperation with BioGaia”, says Kapila Dayaratne, Managing Director, Axero.
Sri Lanka has 20 million inhabitants and a per capita income of USD 3,200. The economy is set to grow at a rapid pace of 7 to 8 per cent in the next few years with an increase in purchasing power per capita.
“Asia is a market with great potential and I am pleased that BioGaia’s products will be available in yet another country here. With the reputable local partner Axero we hope for a successful launch of our key products in Sri Lanka”, says Peter Rothschild, President, BioGaia.
Latest press releases from BioGaia
2015-10-20 BioGaia appoints new Managing Director
2015-10-12 BioGaia’s probiotic shown to promote growth and prevent recurrent diarrhoea
2015-09-07 BioGaia to invest further in Infant Bacterial Therapeutics AB