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
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 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 MoreDr. Reddy’s divests select dermatology brands to Eris Lifesciences in a US$33.2M buyout deal
INDIA – Indian pharma giant Dr. Reddy’s Laboratories has agreed to sell certain non-core brands of the company in the dermatology segments to Eris Lifesciences Limited in a deal worth…
Read MoreAdcock Ingram to expand its range of products that are not subject to price controls
SOUTH AFRICA – Pharmaceutical manufacturer Adcock Ingram is pursuing potential acquisitions to expand its range of products that are not subject to government price controls. This comes as the company…
Read MoreRoche, AUC sign 3-yr partnership pact to empower patient organizations in Egypt
EGYPT – Swiss multinational biotech giant Roche Pharma has signed a three-year strategic partnership agreement with the American University in Cairo (AUC) to empower patient organizations in Egypt. The agreement…
Read MoreImbalance in supply and demand of medicine triggers deadly results in Africa
AFRICA – The United Nations Office on Drugs and Crime has reported that fake medicines kill almost 500,000 sub-Saharan Africans a year. The report ‘Trafficking in Medical Products in the…
Read MoreKiara Health Limited acquires Imperial Logistics’ shares in Pharamafrique
SOUTH AFRICA – Kiara Health Limited has secured funding of growth and replacement capital from Tamela Capital Partners to buy out the remaining 49% of shares in Pharamafrique Limited from…
Read MoreKEMSA receives US$3.95m worth of reproductive health supplies from UNFPA
KENYA – The United Nations Population Fund (UNFPA) has donated KSh500 million (US$3.96m) worth of contraceptives and reproductive health supplies donated to the Kenya Medical Supplies Authority (KEMSA). Women living…
Read MoreEgypt’s El-Ezaby Pharmacies announces expansion plans after record year
EGYPT – El-Ezaby Pharmacies, Egypt’s uncontested leading provider of health and personal care products Pharmacies, has announced its plans to launch additional branches across several governorates by the end of…
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