Revenue reaches $97.8mn; Company reduced total bank borrowings by $104.34mn, bringing its interest-bearing liabilities to $144.3mn
Pharmaceutical
Latest in Pharmaceutical
cancer
Cholesterol drugs linked to 61% lower death risk in blood cancer, study shows
A groundbreaking study led by the University of Sharjah and Burjeel Cancer Institute reveals that statin use may significantly improve survival in patients with CLL and SLL
Abu Dhabi
Abu Dhabi inks MoU to build advanced life sciences labs in Masdar City
The agreement aims to support the development of infrastructure for laboratory spaces within Masdar City
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
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
Abu Dhabi
DoH Abu Dhabi signs MoU with Japan’s Takeda to tackle rare diseases in the region
Collaboration will generate comprehensive evidence on epidemiology and tackle unmet medical needs related to rare diseases and oncology
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
healthcare industry
Oman plans new global vaccine, drug development factory: Report
This landmark achievement positions Oman as a significant player in the global pharmaceutical industry
DP World
Jebel Ali Free Zone sees 12% growth in health care, pharmaceutical customer base
The DP World-owned free zone houses 174 companies from 41 countries and provides 1,100 jobs. In 2019, the volume of trade in the segment stood at 25,000 metric tonnes, valued at AED900 million
coronavirus
AB Live: Opportunities and challenges of the UAE’s pharmaceutical industry
Pharmaceuticals are an important part of the local economy in addition to a strategic sector of the Dubai Industrial Strategy 2030, which serves as a foundation for Dubai’s industrial future.
Food and Drug Administration
UK-based pharma recalls distribution of antacid tablets in India
The market size for Ranitidine brand in India is estimated to be about $98 million
Pharmaceutical
Saudi pharma industry set to be worth over $10bn by 2023
New research shows that Saudi pharmaceutical market is expected to grow at a compound annual growth rate of 5.5% until 2023
Julphar
UAE pharma giant posts losses after Saudi suspension
UAE-based Julphar, one of the largest pharmaceutical manufacturers in the Middle East and Africa, sees hit to profits and revenues
breast cancer
UAE pharma giant signs deal to enter cancer drugs market
Julphar announces its entry into the oncology market through a licence and supply agreement with Russia’s BIOCAD
GCC healthcare
UAE pharma firm Julphar sees $152m sales during first half of 2018
UAE-based pharmaceutical manufacturer Julphar says it plans to launch 25 new products in the UAE and register 200 new products in the region this year