Mintiply Capital, an investment banking firm specializing in wealth management, private equity, venture capital, and digital asset advisory, has announced its mandate to facilitate the sale of a 10% equity stake in “Premium International Injectable,” a newly established pharmaceutical company based in Sri Lanka.
This offering presents investors with a unique opportunity to acquire a stake in a company poised to make significant contributions to Sri Lanka’s pharmaceutical sector. Premium International Injectable focuses on producing sterile liquid injectables, including insulin, to meet the growing healthcare demands of the region.
A key advantage of this investment is the company’s strategic 15-year Offtake Agreement with the State Pharmaceuticals Manufacturing Corporation (SPMC) of Sri Lanka. This agreement ensures a minimum offtake of approximately 75% of the project’s production, providing a stable revenue stream and a secure market for the company’s products.
Market opportunities constitute the following:
Disease Burden: Non-communicable diseases (NCDs) account for 90% of Sri Lanka’s disease burden, with a high demand for medications targeting diabetes, cardiovascular diseases, and respiratory conditions.
Pharmaceutical Market Growth: Sri Lanka’s pharmaceutical market is projected to reach US$ 750mn by 2024, indicating significant growth potential.
Import Dependency: Currently, Sri Lanka imports approximately 85% of its pharmaceutical needs, highlighting the opportunity for local manufacturing to meet domestic demand.
