Business
Cosmos Health Signs Distribution Agreement with ProMed Trading for Its Sky Premium Life Food Supplements in Qatar
CHICAGO, IL / ACCESSWIRE / July 25, 2024 / Cosmos Health Inc. ("Cosmos Health" or the "Company'') (NASDAQ:COSM), a diversified, vertically integrated global
About this update from Cosmos Health Inc.
[{"type":"text","content":"CHICAGO, IL / ACCESSWIRE / July 25, 2024 / Cosmos Health Inc. (\"Cosmos Health\" or the \"Company'') (NASDAQ:COSM), a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary pharmaceutical and nutraceutical brands, manufacturer and distributor of healthcare products, and operator of a telehealth platform, announced today that it has signed a distribution agreement (the \"Agreement\") with ProMed Trading Company (\"ProMed\") for its Sky Premium Life food supplement products in Qatar.ProMed, based in Doha, is a leading healthcare company in Qatar offering a diverse range of medical supplies and equipment, including medical and analytical devices, research and scientific instruments, beauty and health products, disposable and hospital consumables, general medical equipment, infection control products, and dental items.As part of the Agreement, ProMed will handle all key functions, including regulatory compliance, product registration, distribution, promotion, marketing, logistics, and the sale of Sky Premium Life products in pharmacies and shops across Qatar.According to Business Market Insights, the Middle East and Southeast Asia dietary supplements market, valued at $17.04 billion in 2023, is projected to reach $30.72 billion by 2031, with a CAGR of 7.6%. This growth is driven by rising health awareness, the availability of various supplement formats in retail stores, and increasing disposable income.Greg Siokas, CEO of Cosmos Health, stated: \"We are delighted to announce our distribution agreement with ProMed, enabling us to dynamically launch Sky Premium Life in the growing market of Qatar. This important partnership is another testament to the high-quality nature of our products and the strong global demand for our brand, following our recent momentum with distribution agreements in the UAE and Eastern Europe.\"About Cosmos Health Inc.Cosmos Health Inc. (Nasdaq:COSM), incorporated in 2009 in Nevada, is a diversified, vertically integrated global healthcare group. The Company owns a portfolio of proprietary pharmaceutical and nutraceutical brands, including Sky Premium Life®, Mediterranation®, bio-bebe® and C-Sept®. Through its subsidiary Cana Laboratories S.A., licensed under European Good Manufacturing Practices (GMP) and certified by the European Medicines Agency (EMA), it ...