Abu Dhabi investment giant ADQ outlines cornerstones of success to enable the UAE to capture pharma growth opportunities
Pharmaceutical industry
Bahrain Investcorp
Bahrain’s Investcorp leads investment in Indian pharma firm V-Ensure
Deal marks Investcorp’s third healthcare investment in India and its first in the pharmaceutical sector
Dubai Science Park
Dubai’s pharmaceutical industry to grow from $2.6bn to $6.8bn by 2025
Government-led initiatives in healthcare, digital transformation and sustainability are cementing Dubai’s reputation as a global destination for entrepreneurship and investment, the managing director of Dubai Science Park said
Al-Dawaa Medical Services Company
Saudi pharma major Al-Dawaa Medical Services Company plans IPO
Announcement follows the Capital Market Authority’s approval of the company’s application for the listing in December
acquisition
GHH acquires Al Ittihad Drug Store to become UAE pharma major
Acquisition makes GlobalOne Healthcare Holding one of the largest medical distributors in the UAE
Gulf Pharmaceutical Industries
UAE’s Julphar sees near doubling of Q3 pharma sales to $100m
Chairman of Ras Al Khaimah-based company hails ‘positive trajectory’ after returning to profitability in 2021
Acino
ADQ to wholly acquire Swiss-based pharmaceutical company Acino
Acino works across more than 20 therapeutic areas including gastroenterology, cardiovascular and pain relief for high-quality pharmaceutical products in novel drug delivery forms
acquisitions
CBC-led consortium buys Bain’s Hugel stake for $1.5bn
The acquisition is healthcare buyout fund CBC’s first move into the medical aesthetics sector
Dubai Industrial City
India’s Himalaya Wellness inks $32.6m deal to build pharmaceutical plant in Dubai Industrial City
New facility will create hundreds of specialised jobs and produce three billion tablets annually
Gulf Pharmaceutical Industries
UAE’s Julphar announces full takeover of Planet Pharmacies
Pharma major says move will contribute positively to its financial performance from Q3
Bahrain healthcare market
Bahrain seeks to become the pharma research hub of the Gulf
Gulf kingdom sees opportunity as approval for clinical trials which can take months in Europe may be given in weeks
Biotechnology
Resilience: Prepping for the next virus
Looking at the history of viruses, we would be negligent to think that we can relax and stop worrying about viruses by overcoming the current pandemic
healthcare communications
How coronavirus impacted healthcare communications
The pandemic brought healthcare news to the forefront, creating opportunities for ‘scrutiny and success’, said GCI Health exec
Dubai Science Park
Operation 300bn will take local pharma innovation global
Alongside artificial intelligence, space technologies, and energy, pharmaceuticals have been earmarked as having a vital future in the UAE’s industrial sector
Covid-19 vaccine distribution
Saudi Arabia’s Tabuk Pharmaceutical inks deal with Moderna to sell Covid-19 shots
The three-year contract which is renewable also gives Tabuk the opportunity to discuss expanding business opportunities with Moderna inside or outside the kingdom
cancer disease
Cancer diagnosis rates have fallen during Covid-19, and that’s not a good thing
AstraZeneca’s Sameh ElFangary, GCC Cluster President, and Peter Raouf, GCC Oncology Business Unit Director, offer their perspectives on how they are doing everything they can to support patients with cancer during the pandemic.
Gulf Pharmaceutical Industries
UAE pharma major eyes return to profitability in 2021 after sales rebound
Julphar sees near-doubling in sales during 2020 as the company rebounded from a temporary suspension in some GCC markets