Tweet
The fast-growing Bioprist Group, which requires more space to operate, plans to move its headquarters and subsidiary Indies Pharma Jamaica to new and separate locations in St James, following acquisition and retrofitting costs at more than US$4 million.
Both entities will relocate from the Trade Centre in Montego Bay by year end.
It forms part of a wider long-term drive by the Bioprist Group to set up five commercial parks at a development cost of around $4 billion.
Indies Pharma currently distributes around 175 pharmaceutical products through retail channels and in collaboration with the National Health Fund in Jamaica. It also operates its own pharmacy called Trident. The value of the wider Bioprist group remains private, but Indies Pharma's stock market value is $5.3 billion based on Tuesday's closing price of $3.98 per share.
Bioprist owns the property in Montego Freeport through its subsidiary company Mercury Wireless Limited, which was one of the very first batch of special economic zones approved under the new regime, said Muppuri. That property was a former distressed asset that Bioprist acquired from Scotiabank and has repurposed, he said.
It is now being retrofitted for BPO operators from the United States and Canada, who are getting their places ready for "900 -plus jobs," Muppuri added.
http://jamaica-gleaner.com/article/b...-indies-pharma
Both entities will relocate from the Trade Centre in Montego Bay by year end.
It forms part of a wider long-term drive by the Bioprist Group to set up five commercial parks at a development cost of around $4 billion.
Indies Pharma currently distributes around 175 pharmaceutical products through retail channels and in collaboration with the National Health Fund in Jamaica. It also operates its own pharmacy called Trident. The value of the wider Bioprist group remains private, but Indies Pharma's stock market value is $5.3 billion based on Tuesday's closing price of $3.98 per share.
Bioprist owns the property in Montego Freeport through its subsidiary company Mercury Wireless Limited, which was one of the very first batch of special economic zones approved under the new regime, said Muppuri. That property was a former distressed asset that Bioprist acquired from Scotiabank and has repurposed, he said.
It is now being retrofitted for BPO operators from the United States and Canada, who are getting their places ready for "900 -plus jobs," Muppuri added.
http://jamaica-gleaner.com/article/b...-indies-pharma
Paul Marin -19 is one thing, 20 is a whole other matter. It gets even worse if they win the UCL. *groan*. 
05/18/2011.MU fans naah cough, but all a unuh a vomit?-Lazie 1/11/2015