By: IPP Bureau
Last updated : December 11, 2024 11:13 am
Genpharmasec Limited (Genpharma) has announced its recent agreement with Amneal Healthcare Private Limited (AHPL).
In terms of this said Agreement, AHPL has agreed for Appointment of Genpharma as nonexclusive Supper Stockist within the territory to further sell to wholesale pharmacist and/or retail pharmacist the products which are manufactured by AHPL and its third-party contact manufacture or third-party licensors.
AHPL undertakes to provide Genpharma with a minimum annual sales commitment of approximately INR 60 Crores for the period from January 1, 2025, to December 31, 2025;
Commenting on the development, Rajesh Sadhwani, Promoter and Director of Genpharmasec Limited, said: “We are excited to enter into a Super Stockist Agreement with AHPL, a highly respected name in the healthcare industry. This agreement represents a key step forward in our commitment to expanding our presence in the market and strengthening our distribution capabilities. By working with AHPL, we will be able to offer an even wider range of high-quality healthcare products to our customers, ensuring greater accessibility and service excellence.
This collaboration is not only a testament to the trust and synergy between our organizations but also lays the foundation for sustained growth and mutual success in the years to come. We look forward to a fruitful partnership with AHPL and are confident that it will bring significant value to both parties.”