Latest News

The opening follows the recent launch of the hospital’s first-of-its-kind emergency CT system in Saudi Arabia, which is designed to speed up diagnosis and treatment for stroke and trauma patients.

The financing round was co-led by M Ventures, the venture capital arm of Merck KGaA, and GordonMD Global Investments.

Following completion of the transaction, the business will operate under the new name Medswana Laborex and become part of CFAO Healthcare’s pan-African network.

The agreement also supports GlobeMed Gulf’s broader strategy of expanding access to high-quality healthcare for its growing base of insured members.

The new Strengthening Public Health Surveillance and Resilient Knowledge for Non-Communicable Diseases in Africa (SPARK-NCD) programme aims to improve disease surveillance, workforce capacity, and integrated care across the continent.

The initiative will support patients with the greatest medical and financial needs by improving access to advanced therapies within a framework aligned with the UAE’s national health insurance system.

Astex will also qualify for development, regulatory, and commercial milestone payments exceeding US$465 million, totaling US$490 million with the upfront payment included.

The appointment comes as Africa intensifies efforts to strengthen its response to the ongoing Ebola outbreak while accelerating the development of African-led medicines, vaccines and outbreak-ready innovations.

As part of the transaction, Besins Healthcare will take ownership of UniD Manufacturing’s production facility in Seraing, Belgium.

Founded in 2019 as a spinout from Imperial College London and the Francis Crick Institute, Myricx has attracted strong investor backing and has emerged as one of the UK’s leading oncology biotechnology companies.