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Tag: Pharmaceuticals

SasaPay strikes accord with MedSource Group to ease payment of pharmaceuticals

18 August 202318 August 2023

KENYA – Digital payment platform, SasaPay, has signed a partnership agreement with Kenyan retail and wholesale pharmaceutical chain, MediSource Group, that will see the company simplify and digitize its payment…

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GSK calls it a day in Nigeria as the country’s economic woes intensify

4 August 20234 August 2023

NIGERIA— British pharmaceutical giant, GlaxoSmithKline (GSK) through its subsidiary, GSK Nigeria, has announced it is in the process of winding down direct operations in Nigeria and instead seeking a third-party…

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Biogen finalizes deal to acquire Reata Pharmaceuticals for US$7.3B

2 August 20232 August 2023

USA—Biogen Inc. and Reata Pharmaceuticals, Inc., have announced that they have reached a definitive agreement where Biogen has agreed to acquire Reata for $172.50 per share in cash, reflecting an enterprise…

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Qatari’s Ministry of Public Health to launch a national medication safety programme

1 August 20238 August 2023

QATAR – Qatar’s Ministry of Public Health (MoPH) is set to launch a national medication safety programme as part of the government’s efforts to promote medication safety in the country.…

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Gambia’s Presidential taskforce finally confirms tainted cough syrups as cause of AKI in deceased 70 children

25 July 202325 July 2023

GAMBIA— The highly anticipated Presidential Task Force Report on the Acute Kidney Injury (AKI) Outbreak, has finally revealed that the 70 deaths of Gambian Children from AKI could be conclusively…

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Cooper Pharma signs a 10-yr distribution deal with Daewoong Pharmaceutical worth up to US$20M

24 July 202324 July 2023

MOROCCO – Moroccan pharmaceutical distributor Cooper Pharma has signed a ten-year licensing and distribution agreement with South Korean drug maker Daewoong Pharmaceutical Co., Ltd in a deal worth up to…

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The AUPAM partners with the Bangladesh Association of Pharmaceutical Industries

21 July 202321 July 2023

JORDAN – The Arab Union of Producers of Medicines and Medical Appliances (AUPAM) has expanded its collaboration agreement with the Bangladesh Association of Pharmaceutical Industries (BAPI) to enhance medical security.…

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Alexandria for Pharmaceuticals’ net profit jumps 20% in 11 months of FY 2022/23 to US$4.84 million

21 July 202321 July 2023

EGYPT – Alexandria Company for Pharmaceuticals and Chemical Industries has reported a 19.6% year-on-year (YoY) increase in its net profit after tax in the first 11 months of the fiscal…

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Ibnsina Pharma reports over 20% YoY increase in net profit, emerges as the top distributor of pharmaceuticals in Egypt

21 July 202321 July 2023

EGYPT – Egypt’s pharmaceutical distribution company Ibnsina Pharma has reported a revenue of EGP 72.554 million (US$2.36 million) for the first quarter of 2023, an increase of 22.18% year-on-year (YoY).…

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PM Madbouly awards golden license to establish a multi-vaccine manufacturing plant in the Suez Canal Zone

21 July 202321 July 2023

EGYPT – The Prime Minister of Egypt Mostafa Kamal Madbouly has granted the golden license to Gennvax Egypt recognising the establishment and operation of a multi-vaccine production facility in the…

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