IFU of Denmark to invest in AKS Khan Pharmaceuticals
FU of Denmark Government Invests USD 12.5 million in AKS Khan Pharmaceuticals to expand quality, accessible medicines and diagnostics to 8 million patients annually. Nationwide expansion of Bangladesh's largest retail pharmacy chain to 80 locations and roll out of over 30 new diagnostics centres.
The significant investment from IFU, the Danish Investment Fund for Developing Countries, will support AKPL's vision to increase access to world-class healthcare throughout Bangladesh.
Keep updated, follow The Business Standard's Google news channel
Senior officials, including AKS Holdings Chairman AK Samsuddin Khan and IFU Chief Executive Officer (CEO) Lars Bo Bertram, attended the signing ceremony at a five-star hotel in the capital on Wednesday night.
Improving Bangladesh's Healthcare for the People Timely and accurate diagnosis is fundamental to ensuring effective treatment of health conditions and improved human health. Access to quality, authentic medicine is crucial to treating and curing disease and ensuring quality of life for millions of chronic disease sufferers across Bangladesh.
The investment from IFU will enable AKPL to reach 8 million patients annually within five years, expand its ecosystem of pharmacies and diagnostics, and scale up innovative services, including home X-ray and ultrasound for vulnerable and elderly patients.
A major component of the growth strategy will focus on increasing the company's presence beyond the capital, Dhaka.
This expansion is crucial for ensuring that underserved patients of Bangladesh gain improved access to quality healthcare.
"Access to healthcare is vital in enhancing a country's social development. Healthcare investment is one of the four cornerstones of IFU's strategy for driving meaningful impact. AKPL's pharmacy-first primary care model and comprehensive diagnostic solutions will extend quality healthcare services to millions more patients.
Through this investment, we commit to Bangladesh's healthier and more prosperous future. Concurrently, we view this investment as financially robust, promising returns over time. This initiative exemplifies the impact investment that has been IFU's speciality since 1967 and will continue to be a part of our efforts, contributing to the green transition and economic and social development."
