Saudi Chemical acquires prescription rights for Cialis in Saudi Arabia

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Saudi Chemical Holding Co. (SCHC) completed the agreement to acquire all prescription rights of Cialis in Saudi Arabia from Eli Lilly, following the approvals from the relevant government authorities.

In a statement to Tadawul, SCHC said the acquisition was based on the agreement signed on Dec. 27, 2021.

Through this acquisition, AJA Pharmaceutical Industries (AJA Pharma), a subsidiary of SCCH, would be the manufacturer and supplier for Cialis in the Saudi market. Cialis revenues in Saudi Arabia reached around SAR 100 million ($26.7 million) during 2021.

The acquisition is expected to have a positive impact on SCHC’s revenues, which will be announced later.

Cialis is used to treat men with erectile dysfunction and used to treat the signs and symptoms of benign prostatic hyperplasia (enlarged prostate gland that is not cancerous), the statement noted.

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