The Marylebone-based insecticide manufacturer is set to increase its turnover from £400,000 to £7m after winning a series of new exporting contracts in Peru and Sub-Saharan Africa.
The company will export anti-mosquito chemicals to commercial, charity and government organisations based in these two malarial zones.
Vectorcide Insecticidal coating is accredited by the London School of Hygiene and Tropical Medicine and proven to be 99-100% effective in killing insects like mosquitoes for over 15 months after initial application.
A recent trial carried out in Zambia showed a reduction in new malaria cases from 4,000 to fewer than 80 after the product was applied to hard surfaces such as in mud-walled dwellings and traditional buildings such as hospitals, clinics, schools and hotels.
The Department for International Trade (DIT) supported the company to navigate the complexity of overseas regulatory systems and registration of pharmaceutical ingredients as part of its Exporting is GREAT campaign.
DIT also provided legal guidance on intellectual property licensing, as well as introducing the management team to other local importers in their target markets.
This relationship with DIT has also led to chief executive officer, John Coombs, being invited to present to the Nigerian government on the importance of preventing against contagious diseases like malaria. Speaking about the relationship with DIT and the company’s recent growth, Coombs said:
“As a business that relies purely on exporting, it’s important for us to understand indigenous government policies, import tariffs and various bureaucratic restrictions.
“We went through an extended period of research and testing and are now growing our international presence significantly.
“DIT has given us insight on the regulation impacting our business ensuring all our products are in line with the relevant standards for its market.
“All this combined with the growing demand for British products abroad has set us up for success in overseas markets.
“Furthermore, it confirms that if we can do it, so can many other businesses in the UK today – the time to export is now.”
At the recent Malaria Summit London, held during the Commonwealth Heads of Government Meeting, the UK government unveiled a new £50m malaria programme in Nigeria, pledged a £100m for the Global Fund to Fight Aids, Tuberculosis and Malaria, and reaffirmed its commitment to spend £500m a year up until 2020-21.
Leaders of Commonwealth countries were urged to commit to halving the number of cases in their countries over the next five years.
Baroness Fairhead, Minister of State for Trade and Export Promotion, said: “The UK is one of the top three life sciences hubs in the world, with British companies tackling some of the biggest healthcare challenges of our time.
“Businesses like Vectorcide International, which specialises in anti-mosquito products, help improve the lives of people and communities that are affected by diseases spread by these insects.
“At the Department for International Trade, we are absolutely committed to helping the industry grow even more.
“Our global network is on hand to support UK life sciences companies to build on their success and remain at the cutting-edge of innovation.”
Parveen Thornhill Head of London & Devolved Administrations at the Department for International Trade, said: “Vectorcide International, and other pharmaceutical firms that are committed to the research and dissemination of fundamental products to prevent the spread of diseases, are integral to the health of so many communities.
“Our network of International Trade Advisers in London provide specialist support and guidance to businesses across all the city’s boroughs and has been pleased to be able to offer support to help them overcome potential barriers.”
By further growing its exporting activities beyond its current markets in India, Barbados, Hong Kong, South Korea and Zambia, Vectorcide International’s success story is being celebrated in DIT’s Exporting is GREAT campaign.
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