Pharmaceuticals News
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Kahira Pharmaceuticals’ profits fall 39% in 6 months
Kahira Pharmaceuticals is an Egypt-based company involved in the manufacture and trade of pharmaceutical products for human and veterinary use.
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Arab Drug logs 108% increase in 6 months
Arab Drug is an Egyptian company engaged in the pharmaceutical sector.
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Saudi company prepares to open huge plant in Egypt
The new plant was built on an area of 15,527 square meters and its investment is close to one billion Egyptian pounds last year.
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Nile Pharma’s net profit increases 10.4% YoY in 6 months
Nile Pharma manufactures and markets pharmaceuticals.
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Egypt's exports of medical supplies grow by 38.8% in 2022, hit $968 million
Dr. George said that the sector’s exports achieved an increase of 200% compared to 2019 exports before the Coronavirus pandemic.
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Over $1 billion worth of medicines released from Egyptian ports
Following the recent releases, the country's strategic drug reserve rose to 6-12 months.
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Pfizer Egypt cooperates with future university in Egypt to enhance the educational process
Pfizer Egypt team will share with the students of the Faculty of Pharmacy at FUE the latest expertise in the pharmaceutical market.
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Alex Pharma reports 19% YoY profit hike in 5 months in Egypt
The company’s net profit after tax jumped to EGP 71.283 million in July-November from EGP 59.908 million the year before.
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Rameda dedicates EGP 2.1M to ESOP
Accordingly, the company’s issued capital will increase to EGP 252.113 million from EGP 250 million.
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Egypt's exports of medical, cosmetics grew by 45% in 2022
The African market is promising for the sector's products during 2023, but some obstacles must be dealt with.
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Egypt’s VACSERA in talks with China’s SINOVAC over vaccines plant construction
In June 2022, VACSERA settled debts of EGP 712.5 million for National Investment Bank, the report showed.
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Hikma, Celltrion Healthcare sign up for anti-cancer drug
Celltrion Healthcare will handle the development, manufacturing and supply of Vegzelma and Hikma will handle the commercialization.
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Egyptian Health Minister discusses bilateral cooperation with MSD Pharmaceutical Company
The minister discussed cooperation with the MSD company to provide the latest oncological treatments (immunotherapy) for breast cancer patients.
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Egypt records 46.3% higher medical, pharmaceutical exports
Moreover, exports of medical industries rose by 11.30% YoY during January-August 2022 to reach $69 million from $62 million.
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Egypt to produce cancer drugs within 6 months: official
Producing medicines locally would reduce the import bill, absorb pharmacy and science graduates, and provide medicine on time.
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Eli Lilly partners with generics maker Eva to boost insulin access in Africa
Under the partnership, the distribution of insulin to middle- and low-income countries—most of them in Africa—is expected to begin in 18 months.
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Egypt to produce cancer treatments locally in partnership with foreign companies
Egypt has no shortage in medicinal drugs and that local companies fulfill 90 percent of needs.
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Alex Pharma’s profits increase by 18.1% YoY in 4 months
The company’s operating revenues rose to EGP 464.415 million in the July-October period of FY 2022/2023.
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GSK Egypt’s consolidated profit skyrockets 1,213% YoY in 9 months
Revenues soared to EGP 1.163 billion in nine months to September 30th from EGP 630.477 million the year before.
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Pfizer announces its future strategy in the Egyptian market
Pfizer announced its success in providing the latest treatments to 7 million patients in Egypt, and its goal to reach 7.6 million end of year.