Horus Pharma Strengthens Its International Expansion
Horus Pharma, a France-based provider of preservative-free ophthalmology products, announced it is strengthening its international presence with eight distribution agreements covering Romania, Portugal, Croatia, Turkey, Algeria, Qatar, Ireland, and Bosnia. The deals take its total number of collaborations to 19. These agreements are in addition to the group’s European subsidiaries (covering Spain, Switzerland, Benelux, the Netherlands and Nordic countries) and expand the company's presence to more than 30 countries.
“We have made international expansion a key part of our growth since 2015. This strategy shows our desire to help improve eye health around the world by making high-quality ophthalmology products available through an unrivalled network of specialist partners," Claude Claret, co-founder and CEO of Horus Pharma, said in a company news release. "Our ambition is to bring more innovative products and solutions into local markets, and to increase potential synergies in R&D. Our international network constitutes a unique platform for marketing products and supporting the development of new treatments specific to local needs."
Horus Pharma’s portfolio features 60 ophthalmology products and solutions, including cornea, eyelid, glaucoma and retina treatments, along with food supplements. The company’s prescription medicines have European marketing authorizations.
“Our annual growth rate of 15% is clearly underpinned by our international business. It testifies the strength of our plan and drives our passion to innovate and develop respectful, sustainable healthcare solutions for the largest possible number of people. Our ambition is to generate 50% of our revenue outside France in 5 years’ time, which represents a real challenge for a family-owned company that intends to remain independent of the major pharma groups,” Nicolas Claret, Corporate Secretary of Horus Pharma, said in the news release.
Horus Pharma has been selected to join the ETIncelles program, which features 100 small and medium-sized enterprises (SMEs) with strong economic development potential. The program, which is taking place under the auspices of the French President and is led by France’s minister in charge of SMEs, aims to increase the number of medium-sized businesses in France, make them more competitive and help them grow their exports.