The transaction consists of a line of credit in favor of Luminova Pharma Alliance Inc. ("Luminova") to finance entry and growth working capital, mainly for new markets and products. It is a medium-term loan of up to 3 years, renewable for a similar term at the discretion of IDB Invest. This will allow entry to new countries where appropriate grace periods are required to increase volume and recover initial investments, while the renewal helps in a second stage of market consolidation. The use of funds includes preliminary opening, registration and formulation investments in several Latin American countries, an investment component in one of its treatment plants, which is key to achieving compliance standards, and the launch of a new line of unbranded products. generic medicines, providing access to populations with limited or no access to quality and low-cost medicines. Luminova is a pharmaceutical company based in Guatemala, producer of branded generic drugs with distribution and sales activities in Central America, part of the Caribbean and South America.
The use of the funds includes preliminary opening, registration and formulation investments in several Latin American countries, an investment component in one of its treatment plants, which is key to achieving compliance standards, and the launch of a new line of non-branded generic drugs.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Luminova Pharma Alliance Inc.||Client||Education and Health|
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