“We are enthusiastic about this collaborative opportunity for both companies to shift the mindset to the difference between OTC and, prescription medications aligning it with the global trends of manufacturing, supplying, and distributing to various markets. This is in addition to building on and expanding the OTC concept as a major goal in addition to the supplying, and distributing of Bayer Consumer Health’s prescription medications already agreed upon”– Mr. Ayman Hossam
About Bayer
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to help people and the planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to drive sustainable development and generate a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability, and quality throughout the world. In fiscal 2020, the Group employed around 100,000 people and had sales of 41.4 billion euros. R&D expenses before special items amounted to 4.9 billion euros. For more information, go to www.bayer.com
About UCTD
United Company for Trade and Distribution UCTD is the sole agent and importer for several fortune pharmaceutical and FMCG companies in Egypt. Meanwhile, it is the exclusive and/or main distributor of fortune personal care products to the pharmacy market in Egypt. UCTD serves six classes of customers including chain pharmacies, individual pharmacies, wholesalers, hypermarkets, supermarkets, and convenience stores. The company distribution network comprises of 8 regional satellites providing coverage to around 7000 pharmacies 2,890 doors of modern trade, supermarkets, and convenience stores in addition to more than 1100 wholesalers. UCTD distributes more than 4,000 different products supplied by more than 43 vendors. The Company’s strategy calls for focusing its distribution services to the largest 6000 pharmacies through very aggressive key account management for those pharmacies. Meanwhile, leaving the rest of the pharmacies for UCP that provides 100% coverage of all operating pharmacies in Egypt.