Turkey

Turkish industrial group Eczacibasi is reported to be considering divesting a 50% stake in its generic drug unit. According to industry sources, the whole division is valued at... 2006-12-15

The Turkish Confederation of Employer Associations (TISK) has stated that in 2005 Turkey was the leading Mediterranean country in terms of Foreign Direct Investment (FDI). The confederation... 2006-11-21

The International Monetary Fund (IMF) has warned Turkey over its health spending, which it claims has risen dramatically from 3.7% of GDP in 1999 to 5% in 2005. This is now allegedly... 2006-11-17

Icelandic drugmaker Actavis has launched three new generic drugs in Turkey, as the company continues to expand in the country. The three products include Xetanor (paroxetine), an... 2006-10-26

Swiss drugmaker Roche has paid compensation of EUR1.4mn (US$1.76mn) to the Turkish Health Ministry after allegedly causing the government to incur substantial losses by overcharging... 2006-10-19

Indian generics firm Strides has agreed a joint venture with Turkish drugmaker Abdi Ibrahim to sell its products in Turkey and in neighbouring countries. The Turkish drug market is... 2006-06-13

Turkish drug distributor Selcuk Ecza has seen demand for shares soar after its US$180mn offering for a 20% stake in the company. According to reports, the IPO was 9.65 times oversubscribed.... 2006-05-03

Turkish drugmaker Sanovel Ilac will open its new TRY192mn (US$144.85mn) production facility shortly. Construction on the 120,000 m2 plant began in 2001and when fully operational it... 2006-04-27

A recent study by a Turkish research consultancy has called for the country to mirror the success of the Ireland's health service and implement a number of regulatory reforms. The... 2006-04-26

Turkey and Bangladesh are planning to increase bilateral trade links and economic co-operation. During a recent visit, Bangladesh's Prime Minister encouraged Turkish investors and... 2006-04-19