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Pharma producers seek further exemption from VAT but ministry rejects
Local pharma manufacturers are angling for a wider exemption from value-added tax (VAT) on their products, according to Ahram Gate.…
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Egypt in the News on 17 November 2019
How the government is salvaging El Mahalla El Kobra: The Public Enterprises Ministry is pushing ahead with a USD 1.3…
Healthcare outfit ICMI invests EGP 30 mn to expand production
Healthcare outfit the International Company For Medical Industries (ICMI) has invested EGP 30 mn to finance its expansion plans in…
House could pass Clinical Trials Act by December
LEGISLATION WATCH- House aims to pass Clinical Trials Act by December: The special committee formed in the House of Representatives…
Global pharma companies looking to expand Egypt business
Global pharma companies looking to expand Egypt business: Multinational pharma companies including Johnson & Johnson, Pfizer, Eli Lilly, PhRMA, GlaxoSmithKline,…
Egypt’s Multi Apex Pharma to set up factory in Saudi Arabia
Egypt-based Multi Apex Pharma is planning to set up a 15k sqm production facility in Saudi Arabia, the company's chairman,…
Rameda announces intention to IPO in 4Q2019
IPO WATCH- Rameda announces intention to IPO in 4Q2019: Rameda Pharma, the country’s fastest-growing generic pharmaceuticals player, announced yesterday morning…
New Pioneers Holding pharma arm looking to acquire manufacturer this year
M&A WATCH- Pioneers’ new pharma arm on the lookout for acquisition targets, first transaction by year end: Pioneers Holding’s new…
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