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news.Hanmi pharmaceutical has entered into a supply contract with MEIC, a Mongolian pharmaceutical company, for OTC products.
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Products for licensing include Ten Ten, Dexibuprofen ER & Syrup, Medilac probiotics for children, CeCe multi-vitamins, Prebe multi-vitamins for pregnant women, and Ferromax antianemic agent.
The registration process is expected to be completed by the second half of 2012 and export sales to be worth $15m over three years.
Hanmi official said that the Mongolian pharmaceutical market is experiencing high import growth and preference of Korea Pharmaceutical products are also growing.