Pharmaceuticals News
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Saudi Batterjee Group announces acquisition plans in Egypt’s pharmaceutical market
The Saudi Batterjee Holding Group has unveiled its plans to acquire a pharmaceutical company listed on the Egyptian Exchange (EGX) within 6 months.
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Egypt: Ibn Sina Pharma to invest over $6mln in 2024
The company’s earnings before interest, taxes, and depreciation (EBITDA) increased by 101% during the first nine months of 2023.
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Saudi Arabia’s Jamjoom Pharma opens new factory in Egypt
The move comes as part of Jamjoom’s expansion plan to open new investment channels.
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Global Napi welcomed the Autorité Congolaise de Réglementation Pharmaceutique (ACOREP)
GNP had the pleasure of welcoming the Autorité Congolaise de Réglementation Pharmaceutique (ACOREP)
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United Company of Pharmacists to sell off 30% of stake to KSA healthcare group
American conglomerate Cencora, formerly AmerisourceBergen, is reportedly offering 30 percent of its total 50 percent of the UCP to Tamer Healthcare.
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Egypt providing Zambia with $24 mln in pharma supplies
The Egyptian Authority for Unified Purchasing (UPA) is supplying Zambia with a total value of $24 million of pharmaceutical supplies.
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Egypt's GYPTO Pharma inks EGP 4 bln agreement to produce medicine in Saudi Arabia
Egyptian medical city GYPTO Pharma and a group of local companies on Monday signed EGP 4 billion ($129.44 million) worth of contracts.
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Egypt's First Factory for Plasma Derivatives Will Be Built in NAC
This joint venture between Grifols and NSPO is part of a larger plan to build and operate 20 plasma donation centres in Egypt.
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Egypt ranks fourth globally in herbal medicine exports for 2022
Egypt emerges as a global leader in herbal medicine exports, ranking fourth worldwide in 2022. Discover the trend towards alternative medicine, driven by affordability and accessibility.
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Egypt’s Acdima to set up USD 165 mn pharma factory
The first phase of the project, worth some USD 101 mn, will see Acdima set up production lines for 21 pharma raw materials starting 2026.
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El-Nile for Pharmaceuticals posts 33% YoY profit surge in FY2022/23
The firm earned EGP 119.213 million in net profits in FY 2022/2023, up from EGP 89.672 million in the previous FY.
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Egypt's Booming Pharmaceutical Industry: A Pillar of MENA Healthcare
Egypt's ascent to the top of the MENA pharmaceutical market in 2023 is a testament to its strategic advantages and thriving domestic industry.
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Egypt pharmaceutical market ranks first in MENA in 2023
Egypt's pharmaceutical market ranked first in the Middle East and North Africa (MENA) region in 2023, with a $ 56.6 billion market value.
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Chinese pharmaceutical companies explore market in Africa, Middle East at Cairo expo
Dozens of Chinese pharmaceutical companies have participated in Pharmaconex 2023, an ongoing international pharma exhibition held in Cairo.
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Egypt Set to Host 10th Pharmaconex Next Week
The three-day event will be organised by Informa Markets Egypt and is expected to bring together 6,000 visitors.
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Minapharm Pharmaceuticals’ consolidated profits drop 48.02% YoY in H1: Egypt
Minapharm Pharmaceuticals is an Egypt-based company engaged in the production and distribution of pharmaceutical products.
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SK Biopharmaceuticals signs license deal to introduce its epilepsy med in the Middle East, Africa
Cenobamate is a medication for partial-onset seizures in adults. It is currently sold under the brand name Xcopri in the US and Ontozry in Europe.
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Egypt: Rx Healthcare considers acquiring a pharmaceutical company
Rx Healthcare Management is especially scouting for highly promising opportunities in different generic pharma segments in Egypt and the GCC.
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Nile Pharma’s profits jump 32.7% YoY in FY 2022/23
Nile Pharma manufactures and markets pharmaceuticals, various types of medical materials, chemical products, and cosmetic.
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Minapharm’s H1 standalone profit declines 46.7% YoY
Minapharm Pharmaceuticals is an Egypt-based company engaged in the production and distribution of pharmaceutical products.