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EOFlow Co., a supplier of wearable drug supply options, introduced on Aug. 31 that it has obtained certification from the United Arab Emirate (UAE) Ministry of Well being and Prevention (MOHAP) to commercialize its wearable insulin pump ‘EOPatch’ and its controller ‘ADM’ in addition to its smartphone app ‘Narsha.’
In March this yr, EOFlow signed a contract with GulfDrug LLC, one of many prime pharmaceutical and medical system suppliers within the UAE, to produce U$40 million price of EOPatch over 5 years. On the time, the corporate indicated that it had already submitted an approval software to MOHAP final yr.
With this certification, EOFlow will be capable to promote its EOPatch insulin administration system via on-line and offline distribution channels all through the UAE. GulfDrug plans its full launch of EOPatch within the second half of 2022, alongside with numerous gross sales promotions to construct product consciousness. GulfDrug plans to set the UAE as a gross sales base for the Center Japanese market and start its submission technique of EOPatch to different GCC members in 2023.
In accordance with the Worldwide Diabetes Federation (IDF) information from 2019, roughly one in six adults (1.2 million) live with diabetes within the UAE, a prevalence of 16.3% which is considerably larger than Korea’s 6.9% and the world common of 8.24%. Diabetes and its issues account for 72.1% of essential causes of dying among the many UAE residents underneath the age of 60, which means that many of the grownup inhabitants is liable to diabetes. The federal government’s efforts to enhance the well being of the residents with diabetes proceed, creating a positive market situation for EOFlow to broaden its wearable pump enterprise within the area.
“I’m excited in regards to the expedient product approval from the UAE MOHAP which allows EOFlow’s entry into the Center East market this yr. The Center East has large unmet wants for insulin patch pumps as a result of lack of provides out there regardless of its huge market potential,” EOFlow’s founder and CEO Jesse J. Kim mentioned.
He added, “EOFlow is shifting rapidly to enter the sizable markets that different opponents haven’t but entered. EOFlow has introduced its entrance into China, Indonesia, Columbia, and the Center East up to now, and we plan so as to add extra. After all, a rising inhabitants of diabetes is a world concern, and even in creating nations the place opponents at the moment don’t focus, the ache and pressing wants are nice. EOFlow strives to enhance the standard of life for individuals with diabetes, irrespective of the place they reside.”
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