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Pharmaceutical industry
Latest in Pharmaceutical industry
Dubai Investments
Dubai’s Globalpharma unveils 2025 plans with 25 new product launches
The new product launches are in a range of therapeutic areas, including diabetes, cardiovascular, gastroenterology, and orthopaedics
Pharmaceutical
UAE introduces new medical and pharmaceutical laws with fines of up to $272,000
UAE issues laws to regulate medical products, the pharmacy profession, and pharmaceutical establishments
Abu Dhabi National Oil Company
Covestro shareholders accept ADNOC’s XRG $15bn takeover offer
The deal is reportedly the largest recorded foreign acquisition by a Gulf company
CPhI Middle East & Africa
Saudi pharmaceutical exhibition witnesses $2.7bn of deals
CPHI Middle East witnesses $2.7bn of agreements for pharmaceutical sector in Saudi Arabia
acquisition
Saudi Arabia’s SPIMACO acquires 68% stake in Swiss pharma Osmopharm
The deal is expected to provide SPIMACO with a significant opportunity to strengthen its product portfolio, enhance its position in Saudi Arabia, and broaden its international footprint
GlobalOne Healthcare Holding
Mubadala-owned KELIX Bio acquires four pharma assets of GHH
The acquisition is part of Mubadala’s ongoing strategic investment in the UAE’s life sciences ecosystem
Abu Dhabi
Mubadala and CBC acquire UCB’s pharma business in China
UCB’s mature business includes immunology, neurology and allergy portfolio as well as its manufacturing unit in Zuhai
Novo Nordisk
Weight-loss drugmaker Novo Nordisk makes fresh push into heart drugs with $1.1bn Cardior Pharmaceuticals buy
The acquisition deal is seen as part of the Danish pharma major’s plans to expand big into the cardio-vascular segment
AstraZeneca
AstraZeneca acquires Fusion as it targets cutting-edge cancer cure
The acquisition of Fusion is AstraZeneca’s latest expansion into cancer treatments
KEZAD Group
Pharmatrade opens new logistics centre to boost UAE medical supplies through KEZAD facility
This will be the second logistics centre of the company, the first one located in Dubai Investment Park 1
Diabetes
‘Hostage economy’: Does Denmark risk over-reliance on Big Pharma as obesity drug boom fuels 4.5% GDP contribution?
Big Pharma’s profitable grip tightens as Danish weight loss drugs Wegovy and Saxenda, manufactured by Novo Nordisk, surge in popularity globally as people spend out of pocket
DUPHAT
DUPHAT 2024: Dubai pharmacy exhibition sees $2.3bn of deals
Dubai pharmacy exhibition records record-breaking $2.3bn of commercial deals
Pharmaceutical
Saudi Arabia to begin producing insulin domestically with new partnership
The agreement was concluded by the National Company for the Unified Purchase of Medicines, Medical Devices and Supplies (NUPCO), Sudair Pharmaceuticals Company, and Sanofi Company
Dubai
India’s Himalaya Wellness to open $54.4mn herbal pharmaceutical factory in Dubai
The Dubai plant will have an annual production capacity of 3 billion tablets, 15 million syrup bottles, and three million units of ointment, with plans to serve global volumes until 2030
Al Ain Pharmacy
Abu Dhabi-based Ethmar International Holding acquires stake in Al Ain Pharmacy
It is the first investment by Health Plus Holding, a subsidiary of Ethmar International Holding, which will focus on healthcare sector
Contaminated Cold Syrup
WHO warns of toxic effects from India-made cold syrup in Iraq
The global health body has advised regulatory authorities and the public to not use the flagged batch of the product