ArabiaRx announced the completion of the ARX e-marketplace beta version, an online exchange catering to the Middle East and North Africa’s (MENA) $20 billion pharmaceutical raw materials industry. The full-scale online exchange is expected to launch in July 2002 in the Dubai, reported a company press release.
ArabiaRx’s online exchange and e-procurement solutions are designed to synchronize business processes for MENA pharmaceutical suppliers and buyers through the exchange of information, sourcing of products and the execution of online transactions. ArabiaRx will intermediate suppliers and buyers mainly in the formulation, registration, requisitioning and approval phases of the pharmaceutical drug production process.
“ArabiaRx offers a solution uniquely tailored to meet the needs of the MENA region by providing answers to the inefficiencies in the MENA pharmaceutical value chain, the cumbersome offline procurement processes and regulatory obstacles facing hundreds of companies involved in the pharmaceutical industry throughout the region,” commented ArabiaRx founder and CEO, Razmig Hovaghimian. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
