EGYPT – Alameda Healthcare Group has signed a new seven-year strategic partnership agreement with Siemens Healthineers to transform the healthcare landscape in Egypt. Under this collaboration, Alameda Healthcare Group and…
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Alkem Laboratories unveils the brand name of its API business, Alkem Activa
INDIA – Alkem Laboratories is eyeing an international expansion of its active pharmaceutical ingredients (API) business under its own brand name, Alkem Activa. To Alkem Laboratories, Alkem Activa represents a…
Read MoreCipla medical drones take flight in the Indian state of Himachal Pradesh
INDIA – Cipla Limited, in partnership with Skye Air Mobility, has introduced a drone services network exclusively designed to serve the healthcare needs of the Indian state of Himachal Pradesh.…
Read MoreAbbott augments its diabetes management portfolio with Bigfoot Biomedical acquisition
USA —Abbott Laboratories, Inc. has concluded its acquisition of Bigfoot Biomedical—an innovative force in intelligent insulin management systems. While financial specifics remain undisclosed, the implications of this union are profound.…
Read MoreEmirates Health Services and Care.ai partner to improve patient care outcomes with tech
UAE – Emirates Health Services has entered into a strategic partnership agreement with Care.ai to deploy the latter’s Artificial Intelligence-powered system for enhancing patient health monitoring. Under the terms of…
Read MoreThe UK allocates a US$11 million emergency medical package to Libya and Morocco
LIBYA – The Government of the United Kingdom has provided a medical emergency package worth up to £10 million (US$10.58 million) to boost emergency response activities for Libyan flood victims…
Read MorePharmaceutical imports jump by 44% in the last five years: The Central Bank of Tunisia
TUNISIA – Pharmaceutical imports have risen by 44%, from TND1,228.6 million (US$389.78 million) in 2018 to TND1,764 million (US$559.64 million) in 2022, over the last five years, reports the Central…
Read MoreEgypt’s MPED sets aside US$2.4B for the development of the healthcare sector in the FY 2023/24
EGYPT – The Egyptian Ministry of Planning and Economic Development (MPED) is allocating EGP 75 billion (US$2.43 billion) of its budget for the current fiscal year (FY) 2023/2024 for the…
Read MoreProMedEx strikes a US$13.33M financing agreement with Banque Saudi Fransi
SAUDI ARABIA – Professional Medical Expertise Company (ProMedEx) has entered into a SAR 50 million (US$13.33 million) multi-purpose financing agreement with Banque Saudi Fransi. ProMedEx is a renowned medical devices…
Read MoreGlenmark Pharmaceuticals takes a decisive leap toward financial stability by divesting 75% of its API business to Nirma Limited
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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