INDIA — In a bold and strategic move, Glenmark Pharmaceuticals, a leading generics producer, is divesting a significant portion of its active pharmaceutical ingredient (API) business. The company is selling…
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Purdue researcher secures US$1.38m grant to combat drug-resistant malaria in Africa and Asia
USA — In an epic stride against drug-resistant malaria strains plaguing developing nations, Philip Low, a distinguished researcher at Purdue University, is on the brink of revolutionizing malaria treatment. Low’s…
Read MoreGermany invests €20 million in South Africa’s vaccine production
SOUTH AFRICA — In an alliance to bolster global healthcare, the Department of Science and Innovation (DSI) and Germany’s KfW Development Bank have inked a historic financing agreement. This pivotal…
Read MoreApollo Hospitals, Google Cloud extend pact to enhance India’s healthcare ecosystem
INDIA – Apollo Hospitals and Google Cloud have renewed their strategic partnership to increase access to Apollo’s digital platform, Apollo 24|7, across the Indian subcontinent. Apollo Hospitals is also exploring…
Read MoreBioNTech’s MPOX vaccine development gets financial boost of up to US$90 million
GERMANY — Germany’s pioneering biopharmaceutical company, BioNTech, has embarked on a transformative journey in the realm of infectious disease prevention, partnering with the Coalition for Epidemic Preparedness Innovations (CEPI). This…
Read MoreSanofi sheds central nervous system portfolio in a strategic move toward specialized growth
FRANCE — Pharmaceutical giant Sanofi has transferred 11 brands from its central nervous system (CNS) portfolio to the UK-based company Pharmanovia in a strategic move to refocus its portfolio. This…
Read MoreBoston Scientific’s strategic US$850 million acquisition to revolutionize chronic lower back pain treatment
USA — Boston Scientific, a renowned medtech giant, has embarked on a significant acquisition journey following the stalled US$230 million purchase of Korean stent manufacturer M.I.Tech earlier this year. Now,…
Read MoreEthmar International Holding’s unit buys minority stake in Al Ain Pharmacy Group
UAE – Ethmar International Holding has purchased a significant stake in Al Ain Pharmacy Group, a world-class provider of health services and pharmacies in the United Arab Emirates. With nearly…
Read MoreAstraZeneca inaugurates its new sustainable offices in Dubai ahead of COP28
UAE – AstraZeneca has officially launched its new sustainable offices at the TECOM Group’s Dubai Science Park as part of the biopharmaceutical company’s flagship sustainability strategy, Ambition Zero Carbon. Spanning…
Read MoreAvalon Pharmaceuticals to open its fourth manufacturing plant in Saudi Arabia
SAUDI ARABIA – As its Avalon 4 nears completion, Avalon Pharmaceuticals is set to launch its fourth manufacturing plant in the city of Riyadh in the Kingdom of Saudi Arabia.…
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