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Category: Mergers, Investments & Funding

OSHCO, VAMED Group to establish a new rehabilitation & long-term care hospital in Riyadh

23 March 202323 March 2023

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

23 March 202323 March 2023

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…

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Acino takes over Pharmax Pharmaceuticals to strengthen its commercial operations

22 March 202322 March 2023

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…

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Egypt-based pharma giant SEDICO begins operations in Giza, to produce cancer drugs

22 March 202322 March 2023

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…

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J&J MedTech KSA inks logistic services pact with Tamer, expands Middle East operations

22 March 202322 March 2023

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…

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Illumina rejects Carl Icahn’s board nominees and defends Grail acquisition

21 March 202322 March 2023

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…

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MBZUAI signs 5-yr R&D agreement with IBT to transform brain health care

21 March 202322 March 2023

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…

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Saudi retail pharmacy chain Nahdi posts US$236 million net profit in Q4

20 March 202320 March 2023

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…

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Saudi healthtech startup Aumet snaps up US$7M in a pre-Series A funding round

20 March 202320 March 2023

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…

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Cosmos Health expands telehealth services with acquisition of ZipDoctor

20 March 202320 March 2023

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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  • UAE-based AstraGene and Mylab form joint venture to commercialize automated diagnostics
  • Chinese missionaries in Rwanda perform painless normal delivery
  • OSHCO, VAMED Group to establish a new rehabilitation & long-term care hospital in Riyadh
  • Uganda launches project to scale up paediatric surgical services in hospitals
  • Dubai’s state-owned DAHC, Pfizer, AXDEV Group ally to enhance chronic illness care

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