German Ambassador inaugurates Boehringer Ingelheim new Cairo office
Boehringer Ingelheim achieved net sales of around 17.5 billion euros worldwide at the end of 2018
Research and Development expenditure of almost 3.2 billion euros corresponded to 18.1 per cent of net sales worldwide
With the attendance of His Excellency Cyrill Nunn, Ambassador to the German Missions in the Arab Republic of Egypt as well as members of local medical associations gathered officially inaugurate the new office, Boehringer Ingelheim, one of the world’s leading pharmaceutical companies, inaugurated today its new office during its press conference, located at the heart of the 5th Settlement. The company has had a presence in Egypt through a scientific office, and today’s event marks the launch of its new commercial legal entity across the country.
The attendees noted that the new office opening marks an important milestone in Boehringer Ingelheim’s longstanding history in Egypt, and at the same time, is a reflection of the country’s robust infrastructure, accessibility and central regional prominence.
Yasser Farghali, Boehringer Ingelheim’s General Manager and Head of Human Pharma for Egypt and the LINEA (Levant, Iraq, Near East Africa ) said, “The launch of the new office and second legal entity marks a new chapter in our journey in Egypt, a country where Boehringer Ingelheim has had a longstanding legacy that dates back to 1961. The opening of our new office mirrors the continued upward growth strategy the country is experiencing, by providing a strategic platform for expanding access to our key therapeutic innovations in human and animal health. It will further harness the recent economic and regulatory reforms that are benefitting the entire healthcare ecosystem to support the neighboring region.”
“Egypt is a crucial market in the region, and an important hub in our global network. We are focused on delivering international best practices, innovative medical trends, while also ramping up our research and development capabilities, to address the diverse needs of patients in the country and region. The future is promising. We look forward to continue delivering on our promise by increasing the scale of our commitment towards driving more innovative solutions in our main therapy areas, while also continue building on our leadership position across the animal health business by becoming a center of excellence in Egypt and the wider region,” added Farghali.
Some of the key notable achievements of Boehringer Ingelheim in Egypt include the roll out its Angel’s Initiative which aims to improve and maintain the quality of existing stroke centers. Together with the local medical community, the Angel’s Initiative is focused on building a network of not less than 500 stroke ready centers to improve care management protocols.
To spread awareness, Boehringer Ingelheim facilitated key initiatives that included a national awareness program with the endorsement of prominent medical and social figures, as well as driving an ambulance team training and bridging the knowledge gap by reaching out to universities and shedding light on key stroke management innovations.
In human health, the company pioneers in driving key innovative medical solutions across cardio-metabolic including diabetes type 2, anti-coagulations, stroke management, hypertension as well as respiratory diseases from Egypt to support the surrounding region. Furthermore, the company continues to focus on providing a holistic approach to type 2 diabetes management by driving access to key innovations that document cardiovascular protection, which reduces cardiac events in patients with type 2 diabetes. Boehringer Ingelheim is planning more launches in the coming year in Egypt to complement its current portfolio and help people living with type 2 diabetes live more healthier and safer lives.
In Animal Health, Boehringer Ingelheim enjoys a leadership market position. As a leader in animal health management, Boehringer Ingelheim has introduced key innovations and training curriculums that aim to increase knowledge around vaccine handling, storage, preparation and applications, together with key local solutions and applications. The company supplies more than 11% of the Egyptian market animal health vaccination needs and solutions with a premium position in poultry and veterinary public health.
In specific, Boehringer Ingelheim Animal Health has introduced the In-Ovo Jector, as a strategic initiative for its poultry business in Egypt. This is a landmark milestone and is fully in line with the company’s goal to provide best services to hatcheries as vaccination equipment is an integral part of its value proposition.
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For further information, kindly contact:
Sara Shamel
Head of External Communications - META
Boehringer Ingelheim | Middle East, Turkey and Africa
sara.shamel@boehringer-ingelheim.com
About Boehringer Ingelheim
Improving the health of humans and animals is the goal of the research-driven pharmaceutical company Boehringer Ingelheim. The focus in doing so is on diseases for which no satisfactory treatment option exists to date. The company therefore concentrates on developing innovative therapies that can extend patients’ lives. In animal health, Boehringer Ingelheim stands for advanced prevention.
Family-owned since it was established in 1885, Boehringer Ingelheim is one of the pharmaceutical industry’s top 20 companies. Some 50,000 employees create value through innovation daily for the three business areas human pharmaceuticals, animal health and biopharmaceuticals. In 2018, Boehringer Ingelheim achieved net sales of around 17.5 billion euros. R&D expenditure of almost
3.2 billion euros corresponded to 18.1 per cent of net sales.
As a family-owned company, Boehringer Ingelheim plans in generations and focuses on long-term success. The company therefore aims at organic growth from its own resources with simultaneous openness to partnerships and strategic alliances in research. In everything it does, Boehringer Ingelheim naturally adopts responsibility towards humankind and the environment.
More information about Boehringer Ingelheim can be found on www.boehringer-ingelheim.com or in our annual report: http://annualreport.boehringer-ingelheim.com.