The Minister of State Visits Industrial Companies Based in Monaco: the Granions Laboratory
Yesterday, H.E. the Minister of State visited the Granions Laboratory, a Monegasque Limited Company (Société Anonyme Monégasque) (S.A.M.) that was developed from a pharmaceutical business founded in 1948 in Paris and established in Monaco in 1972 by Mr. Robert Gazo.
The Granions Laboratory belongs to the EA Pharma Laboratory. Its main activity is producing and trading in medicines based on trace elements, in the form of drinkable phials. The medicines are formulated, developed and packaged in Monaco. The Company occupies premises of a total surface area of 750 m² in the Fontvieille district and employs 15 or so people in Monaco. Its market is targeted at France and Africa. The company's turnover is constantly increasing: EUR 14.3 million in 2011, EUR 16.6 million in 2012 and EUR 17.6 million in 2013.
The Minister of State was welcomed by Dr. Amine ACHITE, Chief Executive Officer, and Mr. Jean‑Yves Roubertou, Director and Head Pharmacist. Together, they discussed the company and its activity, as well as the advantages for EA Pharma of having premises in Monaco – the legal environment, the ease of hiring staff at an intermediary and production level and the major attraction for shareholders of the company having a site in Monaco.
The Minister is undertaking a series of meetings with the Principality's industrial players, which was initiated as part of an approach aiming to promote various sectors of activity and skills in the Monegasque labour market and attract new investors and new economic activities to the Principality.