Rx Healthcare invests EGP 100 mn in United Pharma

EFG Hermes’ Rx Healthcare Management has invested EGP 100 mn in meds producer United Pharma to finance expansion plans that include modernizing factories and R&D to manufacture new medicines, Al Mal reports, citing unnamed sources. Rx Healthcare Fund acquired a majority stakein United Pharma late last year through Nutritius Investment Holdings, a special purpose vehicle established for the acquisition.