Chile is one of the most developed and regulated markets of Latin America. It has over 50 strong manufacturers, which makes it a highly competitive environment. Owing to a strong retail and institutional business, the country demands competitive pricing and a large product portfolio.
Ascend Laboratories Spa, our subsidiary in Chile, offers more than 200 products in all therapeutic areas. The focussed therapy areas are Cardiovascular, Central Nervous System and Oncology. Within five years of launch, Ascend has become one of the top 20 companies in Institutional Business. The subsidiary is rapidly growing its retail business powered by its strong network of doctors, pharmacy chains and distributors across length and breadth of Chile. Additionally, Ascend has been successful in developing a strong pipeline to ensure sustainable future growth.
For more information about Alkem's operations in Chile, please visit our website: www.ascendlabs.cl