Arab Pharmaceutical Manufacturing

Last updated
Arab Pharmaceutical Manufacturing
Company type Public company
Industry Healthcare
Founded1962 (1962)
Defunct2007 (2007)
FateAcquired
Successor Hikma Pharmaceuticals
Headquarters,
Key people
Issam Hamdi Saket (Managing Director)
Products Pharmaceuticals
Website www.apm.com.jo [ dead link ]

The Arab Pharmaceutical Manufacturing Company (APM) was a Jordanian pharmaceuticals and healthcare company based in Amman. It was acquired by Hikma Pharmaceuticals in 2007. [1]

Contents

History

APM was founded in 1962 and it operated two main production facilities, in Al Salalem and Al-Buhayra. APM produced dozens of pharmaceutical products. [2] The company was acquired by Hikma Pharmaceuticals in 2007, but continued to operate under the APM brand until 2017. [3] [4]

While it was operating, APM was listed on the Amman Stock Exchange's ASE Weighted Index.

Operations

As well as supplying the local market in Jordan, APM was active in the export market and exported medicines to Saudi Arabia, Europe and the United States. The company worked with various international partners, including Japan's Takeda Pharmaceutical Company.

References

  1. "Evolving Towards IP-Fueled Innovation". World Intellectual Property Organization. September 23, 2010.
  2. Google finance, APM [ dead link ]
  3. "Hikma says APM buy to be earnings accretive in 2008". Reuters. December 11, 2007.
  4. "Jordan's Hikma to buy APM for $164M". The Phama Letter. December 17, 2007.