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Cosmos Health Signs Exclusive Distribution Agreement with Pharmalink for Its Sky Premium Life Nutraceuticals in the UAE; Receives Initial Purchase Order for 130,000 Units
CHICAGO, IL / ACCESSWIRE / June 27, 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 / June 27, 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 an exclusive distribution agreement (the \"Agreement\") with Pharmalink for its Sky Premium Life products in the United Arab Emirates (UAE).As part of the Agreement, Pharmalink will be responsible for all key functions, including sales and marketing, regulatory affairs, logistics, supply, and distribution of Sky Premium Life products in the UAE. Cosmos Health has secured its first purchase order from Pharmalink for 130,000 units and anticipates receiving orders of more than 500,000 units in the first year and in excess of 3,000,000 units over the next five years.Pharmalink, led by CEO Dr. Abdul Rauf Jabour, is one of the largest healthcare organizations in the UAE. With over 30 years of experience, a workforce of 1,400 employees, a network of 120 partners, a portfolio of 430 brands, and access to over 3,000 pharmacies, including its own MEDICINA chain of about 200 operational pharmacies, we believe that Pharmalink is well positioned to help Cosmos Health effectively gain market share in the lucrative UAE nutritional supplements market. Left: Pharmalink's CEO, Dr. Abdul Rauf Jabour, signing the Agreement at Pharmalink's facilities in DubaiRight: Pharmalink's CEO, Dr. Abdul Rauf Jabour with Cosmos Health's CEO, Greg Siokas.Dr. Abdul Rauf Jabour, CEO of Pharmalink, stated: \"We are extremely excited to partner with Cosmos Health, and particularly with Greg Siokas, to bring Sky Premium Life products to the UAE market. We believe this will be the starting point for a very successful, long-lasting relationship.\"Greg Siokas, CEO of Cosmos Health, stated: \"We are thrilled to announce our agreement with Pharmalink. This partnership will enable us to launch our Sky Premium Life products dynamically in the UAE, especially in affluent markets such as Dubai and Abu Dhabi. We project receiving purchase orders exceeding 3 million units over the next five years and look forward to expanding our collaboration with Pharmalink.\"About Cosmos Health Inc.Cosmos ...