PRESS RELEASE BY THE MINISTRY FOR THE ECONOMY, INVESTMENT AND SMALL BUSINESSES AND THE PARLIAMENTARY SECRETARIAT FOR CONSUMER RIGHTS, PUBLIC CLEANSING AND SUPPORT FOR THE CAPITAL CITY

The economic and political stability of recent years has brought about economic growth and new unimagined dimensions for Maltese and Gozitan businesses. This was salient during a visit to the company Pharmadox Healthcare Ltd by the Minister for the Economy, Investment and Small Businesses Chris Cardona together with Parliamentary Secretary for Consumer Rights, Public Cleansing and Support for the Capital City Deo Debattista, during which the company announced its latest investment of Euros 3.5 million for the building of a new plant.

Pharmadox Healthcare is a Maltese company which offers services to the international pharmaceutical industry. Over the last five years, the company has invested around Euros 2 million in its operations with a number of expansions and has grown from just four to eighty employees. Minister Cardona compared the company’s trajectory with that of the local economy � Pharmadox is a testimony and a reflection of our country’s recent economic success. Like our country, the company is humble, modest yet ambitious. Mindful of international challenges, it is nonetheless determined to cement its name at an international level.

Parliamentary Secretary for Consumer Rights, Public Cleansing and Support for the Capital City Deo Debattista explained how the Medicines Authority is adopting innovative procedures, especially in the regulatory science sector, in particular to inspections, which will now be based on new procedures which include collaboration and cooperation with all stakeholders. Whilst auguring Pharmadox for its advancement and expansion, Deo Debattista encouraged more collaboration when working together, a level of excellence can be attained. Such excellence will lead to recognition and trust in our services even when compared to much larger countries.

In the last five years, Malta Enterprise has approved 11 expansions hailing from the 26 companies operating in the local pharmaceutical sector, including that of Pharmadox. Minister Cardona stressed the government’s commitment to supporting businesses through economic stability, and the maintaining of a national reputation in innovation, capability, and opportunity.

Source: Government of Malta