Rasan Pharmaceutical Industries
↗Sulaymaniyah, Iraq
Rasan Pharmaceutical Industries is a prominent pharmaceutical manufacturer based in Sulaymaniyah, Iraq, and is a key subsidiary of the Faruk Investment Group (FIG). Established to reduce Iraq's reliance on imported medicines, the company operates a state-of-the-art 20,000 m2 production facility in the Bazian district. It specializes in the manufacturing of critical, life-saving intravenous (IV) solutions and sterile injectable medicines.
The company's facility is designed to meet international quality standards, including USFDA, CGMP, and ISO 9001:2000 regulations. Rasan is currently expanding its capabilities by investing in cutting-edge research and development, specifically focusing on a new lyophilization line to produce a wider range of strategic medical items for the regional healthcare sector.
CLASSIFICATION
Company Type:Biotech
Therapeutic Areas:
Industry:Pharmaceuticals
Sub-Industry:IV solutions and sterile injectables
SIZE & FINANCIALS
Employees:51-200
Revenue:$10M-$50M (Estimate based on regional scale)
Founded:2007
Ownership:subsidiary
Status:operating
FUNDING
Investors:Faruk Investment Group
PIPELINE
Stage:Commercial
Lead Drug Stage:Commercial
Modalities:Small molecule, IV Solutions, Sterile Injectables, Lyophilized products
Active Trials:0
Trial Phases:-
FDA Approvals:0
EMA Approvals:0
CORPORATE STRUCTURE
Parent Company:Faruk Investment Group (FIG)
Key Partnerships:SGD Pharma (Vial sourcing for lyophilization project), IraqCom Technologies (IT infrastructure), Zarya Construction (Facility development)
COMPETITION
Position:Leader
Competitors:Pioneer Pharmaceutical Industries, Awamedica, Sama Alfayhaa Pharmaceutical Industries, SDI Company
LEADERSHIP
Key Executives:
Dr. Abdulrazzaq Rahim - General Manager
Faruk Mustafa Rasool - Chairman of Faruk Investment Group
LINKS
Website:rasanph.com
LinkedIn:LinkedIn Profile
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