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Tag: Pharmaceuticals

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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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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Dr. Reddy’s divests select dermatology brands to Eris Lifesciences in a US$33.2M buyout deal

16 March 202316 March 2023

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…

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Adcock Ingram to expand its range of products that are not subject to price controls

10 March 202312 March 2023

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…

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Roche, AUC sign 3-yr partnership pact to empower patient organizations in Egypt

9 March 20239 March 2023

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…

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Imbalance in supply and demand of medicine triggers deadly results in Africa

8 March 20238 March 2023

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…

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Kiara Health Limited acquires Imperial Logistics’ shares in Pharamafrique

6 March 20236 March 2023

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…

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KEMSA receives US$3.95m worth of reproductive health supplies from UNFPA

23 February 202323 February 2023

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…

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Egypt’s El-Ezaby Pharmacies announces expansion plans after record year

23 February 202323 February 2023

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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  • 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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