Industry Developments

UAE-based Green Crescent Insurance Company (GCIC) has launched an AED137mn (US$37mn) initial public offering (IPO) on the Abu Dhabi Securities Exchange. The IPO is for 55% of the... 2008-06-19

Netherlands-based Royal Philips Electronics has signed a memorandum of understanding with the Dubai Health Authority (DHA), making it the DHA's preferred partner in future projects.... 2008-06-18

Kenya's finance minister, Amos Kimunya, has delivered the 2008-2009 budget speech, in which he offered an improved public healthcare system. For the financial year from July 1 2008... 2008-06-17

Zimbabweans in major cities such as Harare and Bulawayo are flocking to rural health centres for treatment because facilities in rural areas have been slower to pass on price increases... 2008-06-16

Egypt's unfavourable regulatory environment is forcing the Egyptian International Pharmaceutical Industries Company (EIPICO) to look abroad for growth, according to company chairman... 2008-06-13

US-based Mylan has signed an agreement with India's NATCO Pharma to market a generic version of Israeli drugmaker Teva's multiple sclerosis drug Copaxone (glatiramer) in the US, Europe,... 2008-06-12

The main sources of funding for Uganda's HIV/AIDS treatment programme, the Global Fund To Fight AIDS, Tuberculosis and Malaria and the US President's Emergency Plan for AIDS Relief... 2008-06-11

Indian generics firm Zydus Cadila has announced that it is to acquire 70% of South Africa's Simayla Pharmaceuticals, as part of its drive to penetrate southern Africa's generics markets.... 2008-06-10

The Dubai Health Authority (DHA) has announced plans to offer a universal health insurance scheme for the citizens and expatriates in Dubai. The DHA envisages that healthcare coverage... 2008-06-10

Calling into question the commonly held view that cardiovascular disease is the biggest killer in the UAE, a study in Al Ain district, Abu Dhabi, has found that other causes of death... 2008-06-09