Industry Developments

South African pharmacy retail chain New Clicks has had a strong year with turnover hitting ZAR10bn (US$1.38bn) for the first times. However, BMI cautions the company faces a number... 2006-11-14

Jordanian drugmaker Dar Al Dawa (DAD) has announced a 19.2% growth in sales for the first three quarters of the year to JOD28.36 (US$40.02mn). On the back of this strong performance... 2006-11-13

US biotech giant Genzyme is the latest company to announce that it will be locating its Middle East HQ to Dubiotech in the UAE. The move comes shortly after Amgen - the world's largest... 2006-11-10

Customised drugs that have been specifically tailored for individual patients could revolutionise the pharmaceutical market in the coming decades, and a number of Israeli firms are... 2006-11-09

A US consortium has completed the purchase of a 93% stake in pharmaceutical company Amoun for US$454mn, in one of the biggest private equity investments ever seen in Egypt. The consortium... 2006-11-08

Israeli generic giant Teva has recorded a 127% increase in profit in Q306, to US$606mn, with sales reaching US$2.29bn, up 74%. However, despite the stellar performance, BMI cautions... 2006-11-08

The South African health authorities have announced that they will allow drugmakers in the country to raise their prices for the first time in three years. BMI believes that many... 2006-11-06

The World Health Organisation has launched an initiative to encourage good governance in medicines procurement in developing countries. Details are sketchy, but the organisation hopes... 2006-11-03

Investment is Israel's high tech companies will reach US$1.5bn by the end of the year, according to the Israel Venture Capital Research Centre. In Q306 Israeli firms raised US$381mn... 2006-11-02

The UAE is preparing to enact a new Companies Law, which will allow 100% foreign ownership in the healthcare sector and should help to attract much-needed investment. Industry sources... 2006-11-01