{"id":622303,"date":"2024-06-04T00:00:00","date_gmt":"2024-06-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/04\/state-owned-gypto-pharma-signs-strategic-partnership-with-us-based-abbott-plus-funds-for-egyptair\/"},"modified":"2024-06-04T00:00:00","modified_gmt":"2024-06-04T00:00:00","slug":"state-owned-gypto-pharma-signs-strategic-partnership-with-us-based-abbott-plus-funds-for-egyptair","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/04\/state-owned-gypto-pharma-signs-strategic-partnership-with-us-based-abbott-plus-funds-for-egyptair\/","title":{"rendered":"State-owned Gypto Pharma signs strategic partnership with US-based Abbott. PLUS: Funds for EgyptAir"},"content":{"rendered":"<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- To further the localization of drug manufacturing: <\/strong>State-owned medical city complex Gypto Pharma has <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0iXERpq6bLRNVwn54fuh6WfBaRvKF6iVaTdcif3NNpZdzddJQcunG3L2XbDhJq5xbl?locale=ar_AR\" style=\"\" rel=\"noopener\">inked<\/a> a strategic partnership with US-based pharma and medical device manufacturer <a target=\"_blank\" href=\"https:\/\/www.abbott.com\/\" style=\"\" rel=\"noopener\">Abbott<\/a> to locally manufacture six painkillers and antibiotics. Gypto expects to produce 95 new pharma products by the end of 2024, Gypto head Amr Mamdouh said.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Local electro-medical and electronic equipment manufacturer <a target=\"_blank\" href=\"http:\/\/www.biobusiness-eg.com\/\" style=\"\" rel=\"noopener\">BioBusiness<\/a><\/strong><strong> has <\/strong><strong>launched<\/strong><strong> Egypt's first production line for neonatal devices<\/strong>, supported with investments totalling some USD 10 mn, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/06\/03\/1798080\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reported, citing company head Mostafa El Wakil. The devices will be half the price of their imported alternatives, but be of the same quality, El Wakil added.<\/p>\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EgyptAir is getting a top-up to buy new planes:<\/strong> The Finance Ministry is working to secure EGP 20 bn in funding for national flag carrier EgyptAir to add new planes to its fleet and help it settle its mounting debt, writes <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%af%d8%a8%d9%8a%d8%b1-%d8%aa%d9%85%d9%88%d9%8a%d9%84-%d8%a8%d9%8020-%d9%85%d9%84%d9%8a%d8%a7%d8%b1-%d8%ac%d9%86%d9%8a\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under the partnership, Gypto will locally manufacture six painkillers and antibiotics<\/p>\n","protected":false},"author":1,"featured_media":622304,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,880,72,8630,7115,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-egyptair","tag-enterpriseam","tag-gypto","tag-healthcare","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"2c9897fc-72d7-44d9-83ee-2e6363f5ab46","order":"10","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/282.jpg","photo_position":"above","homepage_title":"","full_issue_title":"State-owned Gypto Pharma signs strategic partnership with US-based Abbott","related_issue":[622286],"teaser":"Under the partnership, Gypto will locally manufacture six painkillers and antibiotics","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.7257ffe8-a220-4a42-a4dd-9d3f9ff21331.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>State-owned Gypto Pharma signs strategic partnership with US-based Abbott. 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