Express Pharmacy’s Funding

Michelmores advised on the funding of Express Pharmacy, a Lagos-based mass-market pharmacy retail chain in Lagos, Nigeria.

The Nigerian pharmaceutical market is widely affected by counterfeit products, poor supply chain management and issues with product licensing. Express Pharmacy’s mission is to offer reliable, standardised medication to low-to-middle income earners across the country.

TLG Credit Opportunities Fund, a global investment fund, along with Medical Credit Fund, a Dutch non-profit health investment fund, provided debt funding to the group.

Express Pharmacy is a fully regulated UK online pharmacy that combines expert clinical and regulatory knowledge with modern technology to innovate the dispensing of prescription medication.

Michelmores’ team was composed of Anna Thompson (Picture) was assisted by solicitor Martin Young.

Involved fees earner: Anna Thompson – Michelmores LLP; Martin Young – Michelmores LLP;

Law Firms: Michelmores LLP;

Clients: Express Pharmacy;