SAUDI ARABIA – Olayan Saudi Holding Company (OSHCO) and Austria-headquartered healthcare provider VAMED Group have signed a partnership agreement to set up a new rehabilitation and long-term care hospital in…
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Dubai’s state-owned DAHC, Pfizer, AXDEV Group ally to enhance chronic illness care
UAE – State-owned Dubai Academic Health Corporation (DAHC), AXDEV Group, and Pfizer have signed a public-private partnership for improving chronic disease management. It follows the emerging trends of world-class healthcare…
Read MoreAcino takes over Pharmax Pharmaceuticals to strengthen its commercial operations
UAE – Swiss pharmaceutical company Acino has expanded its market presence in the Middle East after completing its acquisition of Abu Dhabi’s ADQ-owned Pharmax Pharmaceuticals. The successful combination of Acino…
Read MoreEgypt-based pharma giant SEDICO begins operations in Giza, to produce cancer drugs
EGYPT – SEDICO Pharmaceutical has officially started operations at its new US$32 million (EGP 1 billion) oncology drugs factory in Giza, Egypt, to develop and produce cancer drugs. Located in…
Read MoreJ&J MedTech KSA inks logistic services pact with Tamer, expands Middle East operations
SAUDI ARABIA – Johnson & Johnson MedTech KSA (J&J MedTech KSA) has entered into a multi-year logistics service contract with Tamer Logistics, a third-party logistics (3PL) company. As a subsidiary…
Read MoreIllumina rejects Carl Icahn’s board nominees and defends Grail acquisition
USA —San Diego-based biotech company, Illumina, has pushed back against Carl Icahn’s criticism of its acquisition of cancer test developer Grail, stating that his proposed board nominees “do not add…
Read MoreMBZUAI signs 5-yr R&D agreement with IBT to transform brain health care
UAE – Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has signed a five-year cooperative research and development (R&D) agreement with Infinite Brain Technologies (IBT) to pioneer digital health solutions…
Read MoreSaudi retail pharmacy chain Nahdi posts US$236 million net profit in Q4
SAUDI ARABIA – Nahdi Medical Company, Saudi Arabia’s pharmaceutical retailer and healthcare company, reported SAR 888 million (US$236.40 million) in net profit for the fiscal year 2022. Nahdi reported a…
Read MoreSaudi healthtech startup Aumet snaps up US$7M in a pre-Series A funding round
SAUDI ARABIA – Saudi Arabia-based healthtech startup Aumet has closed a US$7 million pre-Series A funding round to scale AI-driven healthcare solutions. The round was led by AAIC, a Tokyo-based…
Read MoreCosmos Health expands telehealth services with acquisition of ZipDoctor
USA — Cosmos Health Inc., a global healthcare group specializing in nutraceuticals and distributing pharmaceuticals, OTC medications, and medical devices, has signed a definitive agreement to acquire ZipDoctor Inc. from…
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