PTC – Your Gateway to the Middle East and North Africa
The Middle East and North Africa region is one of the fastest growing regions in the world when it comes to healthcare spending. A growing and ageing population faced by chronic disease challenges such as obesity and diabetes has resulted in high double digit growth on the healthcare industry. PTC is your preferred partner to access this growth and to deliver quality care for the people of the MENA region. PTC’s core values are simple:
P – Professionalism when working with both our international partners and local clients. We think globally and act locally
T – As a fully licensed Trading partner our goal is to Transfer the latest Technologies to the health markets of the MENA region
C – As a company dedicated to the Middle East and North Africa we are Committed to Cornering and Capitalizing on the growing MENA healthcare industry growth
Company History
PTC is a highly active organization established in 2010 by leading doctors and engineers with more than 20 years of experience in the Kuwaiti and Middle East market, with a well-founded infrastructure. PTC is fully owned by Innomedics a subsidiary of Kuwait Life Sciences Company. PTC has an excellent basis of growth in the healthcare sector with a value based objectives and strong commitment to serve the medical profession by distributing quality medical products from all over the world in the Kuwaiti market.
PTC has a unique execution of its careful planned strategies to increase the sales with a continuous growth rate. Selecting well-seasoned sales, supporting professionals, expanding the range of products by introducing new suppliers, and widening the customer-base are but a few of the aforementioned strategies.
The Medical Services Division Team is well experienced and knowledgeable in this field; they possess an excellent understanding of the ever-changing Kuwait market and its needs.
Excellence is true value of PTC. We work diligently to maintain this great value in serving our customers. As a result of our strong commitment, coupled with execution of the company planned strategies and our unprecedented emphasis on quality service. PTC has grown to one of the most highly reputed, reliable and professionally managed medical company in Kuwait.
PTC functions on the basis of the following organizational components:
- Highly skilled and professional personnel
- Good quality products and services
- Well- managed distribution network
- Marketing strategy and business oriented management
Mission
Sustainable enhancement of enterprise value
Our mission is to be the leader in the application of medical equipment and supplies for health facilities. We aim to achieve this by utilizing our expertise and experience in the identification of potential innovative medical solutions, the development and humanization of critical care products, and the creation of strategic partnerships with our partners and customers.
Vision
We are committed to the highest standards of scientific excellence and integrity for the benefit of patients, the medical community, our partners, shareholders and employees.
Business Philosophy
Contribute towards improving the health of people around Kuwait through the provision of innovative and reliable products.
- To be beyond others in exploring and tapping the potentials of the life science
- To continue tackling new challenges and delivering Innovative products
- To deliver quality products along with accurate information and retain solid credibility among customers
- To support a healthy lifestyle for the people of Kuwait
Beliefs
Our beliefs provide the code of conduct that we cherish all times. PTC will always be led by competent executives who act upon those beliefs.
- Team work: to achieve shared goals
- Integrity: always acting in an ethical and honest manner
- Responsibility: being a leader in your area and taking the correct decisions to keep us at the top
- Commitment and dedication: showing perseverance and tenacity when faced with obstacles
- Openness: questioning traditional working methods to find new and creative alternatives
- Problem solving and finding simple solutions to complex problems
Company Structure
PTC is the medical disposables distribution arm of Innomedics, one of the leading medical device and consumables distribution companies in the Middle East and North Africa region. Based out of Kuwait, both companies are owned 100% by the Kuwait Life Sciences Company (KLSC). KLSC was established in 2010, with a paid up capital of 15 million Kuwait Dinars (KD) which is equivalent to approximately $53 million US Dollars and is fully owned by National Technology Enterprises Company (NTEC). NTEC was incorporated in November of 2002, by the Kuwait Council of Ministers as a fully owned company by the Kuwait Investment Authority (KIA), the sovereign wealth fund of the State of Kuwait. Capitalized at 100 million Kuwait Dinars (KD) which is equivalent to approximately $350 million US Dollars, NTEC aims to play a vital role in servicing major stakeholders in Kuwait and the Middle East region with their technology requirements.
KLSC focuses on healthcare innovative concepts and demanded services which have a clear and unmet need in the Middle East and North Africa (MENA) region. KLSC has been designed as an integrated healthcare company building unique projects and is considered one of the pioneer venture capitalist and private equity companies in the Middle East that invests globally and operates regionally seeking to advance healthcare services and systems within the region. KLSC supports both public and private sector stakeholders to access emerging technologies, establish unique projects and adapt best practices prevailing in today’s healthcare field. KLSC operates in healthcare investment, life sciences training, medical technology and pharmaceutical distribution.
To aid in its vision for technology transfer to the Middle East and North Africa region, KLSC develop five platforms:
- Medical devices commercialization platform – which is exemplified by both PTC and Innomedics
- Pharmaceutical commercialization platform – which is represented by NewBridge pharmaceuticals
- Industrial (Specialty Chemicals) platform – as exemplified by Ecore MENA
- Clinical research platform – as represented by Clinart MENA
- Knowledge transfer platform – which is exemplified by the Life Sciences Academy (LSA).
SERVICES
Delivering Innovative Therapies
“I’m home!” On that day, from the moment she is finally being hugged tightly in the arms of her mother, the young girl and her family will begin a new chapter in their lives. This does not mean, however, that the relationship between PTC and that family has ended. To create a better society in which this girl may live, and to ensure a plentiful and beautiful natural environment, and to win your support, PTC will continue its ceaseless efforts to “deliver innovative products”
Our Business Model for Tomorrow
Global Category Leader
We have chosen to pursue a “global category leader” business model so as to become a company truly capable of “Delivering Innovative Products.” In this approach, we focus on highly specialized therapeutic areas (categories) where there is a high degree of unmet medical needs — that is, where there are still insufficient methods for effective treatment. Through the supply of high value-added products, backed by a high level of expertise, we aim to establishing our presence as market leader in select categories, to achieve a high competitive advantage
The goal of all our activities is to help patients smile once again
There are patients waiting for more effective treatments. For these patients, our medical team, consisting of doctors and other medical staff at hospitals together with our own staff, are working continuously to deliver these new products. It is for this reason that employees at PTC are making utmost efforts to deliver new Products. Together with the world’s researchers and medical professionals, we will endeavor to create innovative, reliable ethical products, through the fusion of knowledge and creativity — for the sake of smiles, on the faces of medical professionals and their patients. We are exploring all possible means to help patients smile once again
Partnership Models
Whether it is through PTC, Innomedics or KLSC, we employ multiple partnership models to leverage global expertise with our local insight for the ultimate aim of transferring the latest health technologies and medical innovations to the MENA region:
Agency Model
PTC/KLSC will become the local agent or partner of the international company. As KLSC is registered with all major government ministries and contracting agencies, the international partner will gain immediate access to KLSC’s and NTEC’s network and platforms
Tender Financing Model
PTC/KLSC can work with companies that have an existing presence in the MENA region as a financing partner. Our aim is to support and complement private sector initiative focused on technology transfer and innovation. KLSC has the capital to finance large government or private sector tenders either through its balance sheet or through our strong relationship with local banks and financing companies. In doing so, our goal is to empower the international company and its local partner, to focus on the delivery, installation and training of the medical equipment while KLSC takes care of the bureaucracy and expedites lethargic registration and contracting processes.
Joint Venture
PTC/KLSC can form a local Joint Venture together with the international partner. PTC/KLSC will perform all the necessary local government registration work and both companies can work together on staffing the joint venture and providing both strategic and financial support
Co-Working Space
PTC/KLSC can host a team from the international partner in our shared office space with one work station per employee. This model is preferred by international companies that wish to test the potential of the MENA region. This team can either be registered under PTC/KLSC or seconded by the international partner. In either case, the team is free to use PTC, Innomedics and KLSC facilities including administrative services, conference room, public relations officer (PRO), etc.
OUR PARTNERS
Ecolab
Avanos Medical
Merit
BIODERM INC.
IMPROMEDIFORM
Jiangsu-China
TurnAid
NUREL-TURKEY
MEDIKOKIM-TURKEY
