Mubadala Bio snatched up Al Ittihad Drug Store and Global Medical Supply Chain: Mubadala Investment’s new pharma arm Mubadala Bio finalized its takeover of Abu Dhabi-based healthcare logistics firm Global Medical Supply Chain and pharma firm Al Ittihad Drug Store, after acquiring an 80% stake in both firms in 2024, state news agency Wam reports. A transaction value wasn’t disclosed.

IN CONTEXT- Mubadala had acquired the stakes from Yas Holdings’ healthcare arm GlobalOne Healthcare Holding. The takeover comes as the sovereign wealth fund’s pharma arm looks to build out a comprehensive healthcare supply chain, covering the full cycle from manufacturing to distribution.

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