UCB’s mature business includes immunology, neurology and allergy portfolio as well as its manufacturing unit in Zuhai
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Revealed: The top 30 healthcare visionaries of 2024
The list celebrates the leaders who came before, those shaping the industry today, and the trends that will define the future of the healthcare sector
Abu Dhabi
Abu Dhabi’s ADQ merges its life sciences companies to launch Arcera
Acino, BMG and Amoun become part of new holding company that already has a combined workforce of over 6,500 and presence in 90 countries
Amanat Holdings
Amanat Holdings announces record profits and 40% revenue growth in 2023
The company reported record-breaking profits, with net profit soaring by 39 percent year-on-year to AED155 million
Dubai
Dubai’s International Modern Hospital expands healthcare services to meet growing demand
With upgraded medical resources and infrastructure, including expanded in-patient beds and improved operation theaters, International Modern Hospital aims to treat twice the number of patients in the coming years
Dubai
Dubai’s Everest Health Investments acquires two healthcare companies
Medicentres Polyclinics and Novitas Health were fully acquired and will enable Everest Health to cater to over 350,000 out-patients annually
Alpen Capital
UAE and Saudi Arabia lead Gulf healthcare spending, sector to hit $135.5bn by 2027
Healthcare spending in GCC countries set to grow to $135.5bn by 2027, with UAE and Saudi Arabia being biggest spenders
Cancer treatments
Pfizer to pay $43bn to acquire Seagen in one of the recent biggest pharma sector deals
Also on Monday, French drugmaker Sanofi said it would buy Provention Bio, which sells diabetes treatment Tzield, in a deal valued at $2.9 billion
Dr. Majid Ibrahim Al Fayyadh
Healthcare as a catalyst to Saudi Vision 2030
Saudi Arabia’s healthcare sector presents promising opportunities for a number of organisations including the state-of-the-art King Faisal Specialist Hospital and Research Centre (KFSH&RC). CEO Dr. Majid Ibrahim Al Fayyadh reveals how the organisation will continue to provide the highest level of specialised healthcare in an integrated educational and research setting
Aster DM Healthcare
Outlook 2023: New digital tools will continue to shape the future of care delivery methods in healthcare
Healthcare providers are planning to invest in technologies including digital health, artificial intelligence (AI) and machine learning, as well as tools to support clinical staff and caregivers over the next five years
Amanat
Amanat announces merger of Sukoon International with Cambridge Medical & Rehabilitation Center
The merger entity is billed as the largest pan-GCC post-acute care platform
AstraZeneca
AstraZeneca opens a manufacturing JV with the pharma industry body in Saudi Arabia
The new factory of hazardous drugs is located on an area of 2800 square meters at a total cost of 272 million riyals
Amana Healthcare
Mubadala Health and Mumtalakat to establish long-term facility care in Bahrain
The collaboration intends to support the Kingdom of Bahrain in providing a full continuum of high-quality healthcare to its patients
Afiyah Fund
Saudi Venture Capital invests $10 million in TVM Capital Healthcare’s fund
The investment is for financing innovative companies in the healthcare sector in Saudi Arabia
Dubai
Dubai to host 45th World Hospital Congress on November 9-11
More than 1,000 participants from 60 countries are expected to attend the World Hospital Federation’s conference
AbbVie Biopharmaceuticals
Abu Dhabi health department, AbbVie Biopharmaceuticals ink collaboration pact
The agreement envisages the two sides cooperating on manufacturing, clinical research, innovation and health technology assessment and medical education
acquisitions
Bahrain’s GFH acquires 1 million square feet clinical space in the US for $400 million
In partnership with Big Sky Medical, GFH has now built a portfolio of downturn-resistant US medical building sector of nearly $1 billion