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Novo Nordisk appoints new Egypt VP
MOVES- International healthcare firm Novo Nordisk has appointed AymanHassan as its new VP and general manager for Egypt, the company…
FinMin to exempt 74 pharma materials from VAT
LEGISLATION WATCH- FinMin mulls VAT exemptions for 74 raw materials used by med makers: The Finance Ministry decided at the…
Future Pharma negotiating with banks to part-finance new EGP 500 mn factory
Future Pharma Industries (FPI) is negotiating several unidentified local banks to secure funding for a new EGP 500 mn factory,…
ACDIMA Pharma Chairman steps down citing differences with shareholders
MOVES- Chairman Ahmed Hegazy has resigned from his position as chairman of October Pharma, sources close to the company told…
ICMI plans to invest EGP 24 mn in 2020
Healthcare company International Company for Medical Industries (ICMI) plans to invest EGP 24 mn in 2020 through its New Alpha…
Rameda among “best-placed” to capitalize on Egyptian pharma sector’s growth potential
Rameda among “best-placed” to capitalize on Egyptian pharmasector’s growth potential, sees >50% upside to shares: Egypt’s pharmamarket has significant potential…
Eipico acquires a 10% stake in Medical Union
M&A WATCH- Eipico acquires a 10% stake in Medical Union: Pharma player Eipicohas acquired a 10% stake in Medical Union…
Pharma companies' overdue export subsidies reach EGP 500 mn
Pharma companies are claiming they are collectively owed some EGP 500 in export subsidies from the government, Medical Industries Export…
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