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  • Glenmark Pharmaceuticals takes a decisive leap toward financial stability by divesting 75% of its API business to Nirma Limited
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  • British Premier contemplates banning cigarettes for the next generation following in the footsteps of New Zealand
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Category: Mergers, Investments & Funding

Glenmark Pharmaceuticals takes a decisive leap toward financial stability by divesting 75% of its API business to Nirma Limited

24 September 202324 September 2023

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

22 September 202322 September 2023

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…

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Germany invests €20 million in South Africa’s vaccine production

21 September 202321 September 2023

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…

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Apollo Hospitals, Google Cloud extend pact to enhance India’s healthcare ecosystem

20 September 202320 September 2023

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…

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BioNTech’s MPOX vaccine development gets financial boost of up to US$90 million

20 September 202320 September 2023

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…

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Sanofi sheds central nervous system portfolio in a strategic move toward specialized growth

20 September 202320 September 2023

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…

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Boston Scientific’s strategic US$850 million acquisition to revolutionize chronic lower back pain treatment

20 September 202320 September 2023

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,…

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Ethmar International Holding’s unit buys minority stake in Al Ain Pharmacy Group

18 September 202318 September 2023

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…

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AstraZeneca inaugurates its new sustainable offices in Dubai ahead of COP28

18 September 202318 September 2023

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…

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Avalon Pharmaceuticals to open its fourth manufacturing plant in Saudi Arabia

18 September 202318 September 2023

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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  • Glenmark Pharmaceuticals takes a decisive leap toward financial stability by divesting 75% of its API business to Nirma Limited
  • CDC backs Pfizer’s RSV vaccine for pregnant women to shield infants
  • Legal woes drive Rite Aid to consider bankruptcy and store closures amid opioid litigation
  • British Premier contemplates banning cigarettes for the next generation following in the footsteps of New Zealand
  • Nigeria records remarkable 55% drop in malaria death rates over two decades

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