KSPICO
↗Kuwait City, Kuwait
Kuwait Saudi Pharmaceutical Industries Company (KSPICO) is the sole pharmaceutical manufacturer in the State of Kuwait. Established in 1980 and re-established in 1994, the company operates a large-scale manufacturing facility in the Subhan Industrial Area, producing over 120 different pharmaceutical products. KSPICO is a fully integrated company with capabilities in development, manufacturing, and commercialization, serving a regional population of over 100 million patients across the GCC and Middle East.
In 2019, a 67% majority stake in KSPICO was acquired by Mezzan Holding, one of the largest food and healthcare conglomerates in the Gulf. This acquisition has enabled KSPICO to expand its manufacturing lines, invest in R&D, and enter into contract manufacturing partnerships with international pharmaceutical giants. The company's portfolio includes oral solids, liquids, large volume parenterals (LVP), and semi-solid topicals, with well-known regional brands such as Panadrex and Fludrex.
CLASSIFICATION
Company Type:CDMO
Therapeutic Areas:
Industry:Pharmaceuticals
Sub-Industry:Generic Manufacturing & CDMO
SIZE & FINANCIALS
Employees:201-500
Revenue:$50M-$100M
Founded:1980
Ownership:subsidiary
Status:operating
FUNDING
Stage:Acquired
Total Raised:$69M (Acquisition Value)
Investors:Mezzan Holding
STOCK
Exchange:Boursa Kuwait (via Parent Mezzan Holding)
Ticker:MEZZAN
Market Cap:$0.5B - $1B (Parent Mezzan Holding)
PIPELINE
Stage:Commercial
Lead Drug Stage:Commercial (Generic Portfolio)
Modalities:Small molecule, Oral Solids, Oral Liquids, IV Solutions, Topicals
Active Trials:0
Trial Phases:-
FDA Approvals:0
EMA Approvals:0
CORPORATE STRUCTURE
Parent Company:Mezzan Holding Company
Acquired By:Mezzan Holding (2019-08-01)
Key Partnerships:Abbott Laboratories (Local manufacturing partner), Medtronic (Distribution partnership via Mezzan), Merck (Contract manufacturing discussions)
COMPETITION
Position:Leader
Competitors:Julphar (UAE), SPIMACO (Saudi Arabia), Tabuk Pharmaceuticals (Saudi Arabia), Pfizer Manufacturing Austria
LEADERSHIP
Key Executives:
Mohammed Jassim Al Wazzan - Executive Vice Chairman (Mezzan)
Ali Abdulrahman Jassim Alwazzan - Vice Chairman
Ratish - Independent Director
Board Members:Qusay Abdulrazzaq Al-Awadhi, Fares Mohammad Saeed Ahmad Alhamami
LINKS
Website:kspico.com
LinkedIn:LinkedIn Profile
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