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Also on our radar on 2 March 2021
Sales by private sector pharma players in Egypt grew 14% y-o-y in January to hit EGP 6.75 bn, Souq Al…
Earnings watch: Ibnsina, EKH, Palm Hills, Al Baraka Bank, Domty
Ibnsina Pharma’s net income tumbled 71% y-o-y in 4Q2020 to EGP 24.2 mn, down from EGP 83.2 mn in 4Q2019,…
Ibnsina to tap healthcare fintech with new company
Ibnsina Pharma is making another play for the tech space, announcing in an EGXfiling (pdf) yesterday that it has set…
SFE to invest 10% in ADQ’s acquisition of Amoun Pharma
SFE to get in on ADQ’s acquisition of Amoun Pharma: The Sovereign Wealth Fund of Egypt (SFE) is reportedly going…
Ibnsina to distribute Bayer meds in Egypt, Rameda looks to invest
Ibnsina Pharma has signed an agreement with Germany’s Bayer to import and distribute products from its OTC and Rx-based portfolios,…
Strong with the force, healthcare M&As are
The latest M&A activity in the red-hot healthcare sector appears to be a bidding war brewing for Alexandria Medical Services.…
Adwia’s former owners eye toll manufacturing + Nuwa Capital closes USD 75 mn fundraising round
The former owners of Adwia Pharma are investing more than EGP 1 bn to set up a new toll manufacturing…
Also on our radar on 9 February 2021
China State Construction Engineering Corporation (CSCEC) is building five skyscrapers in New Alamein under a contract signed yesterday with the…
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