Investments, Funding & Disinvestment

The acquisition comes as GSK intensifies its shift toward oncology to offset expected revenue pressure from upcoming patent expirations in its HIV franchise.

The deal was signed at the EAC Headquarters in Arusha, Tanzania, by EAC Secretary General Amb. Stephen P. Mbundi and KfW Development Bank Country Director for Tanzania and the EAC, Ms. Vanessa Eidt.

The expanded network enables the company to reach a broader customer base while strengthening its distribution capabilities across the UAE healthcare ecosystem.

The platform now enables the secure exchange of approvals, billing, and settlements among pharmacies, insurers, and healthcare providers, reducing reliance on manual paperwork by up to 98% in certain processes.

The alliance positions WellSpan as a key innovation partner for Philips, enabling the two institutions to co-develop and validate new digital health tools in real-world clinical environments.

Under the agreement, EGT will oversee the rollout of Koios DS™ Breast and Koios DS™ Thyroid across key GCC markets, including the United Arab Emirates, Saudi Arabia, and Qatar.

The new hospital forms a central pillar of a wider specialised medical city focused on women and children’s health.

The donation includes 108 electric obstetric theatre beds, along with specialised equipment for women’s cancer screening, diagnosis, and treatment.

Under the new system, Emiratis will be able to access healthcare services anywhere in the country regardless of their emirate of residence.

Under the agreement, Lilly will obtain exclusive worldwide rights, excluding South Korea, to develop, manufacture, and commercialise sonefpeglutide, a long-acting GLP-2 analogue.