The $2.4bn deal is its latest expansion into cancer treatments.

It will pay $800 million upfront for the Lyon-based company.

The deal gives Novartis access to new blood cancer treatment.

The slashing of jobs follows huge third-quarter losses.

AMMAN, JORDAN – The Kingdom’s exports of jewelry increased by 71.5 percent during the January-September period of 2023 and pharmaceutical preparations by 28.2 percent, while other materials' grew by 12.2 percent, as per figures monitored by Petra based on official statistical data. The value of national exports of jewelry until...

"More than 200 essential medications have been identified, making up about 40 percent of the total purchases by government health institutions, totaling roughly SAR14 billion (US$3.73 billion). Efforts are currently in progress to produce some of these medications locally," the Saudi minister adds.

Berlin, Germany - Germany's BioNTech and US pharmaceutical giant Pfizer on Thursday announced "positive" results from initial trials of their combined mRNA vaccine against Covid-19 and influenza. Phase one and two trials of the vaccine had produced "robust immune responses" against both illnesses and showed a "safety profile consistent with the...

RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Investment signed three memoranda of understanding (MoU) in the fields of biotechnology, medicine, financial services, education and training on the sidelines of the seventh edition of the Future of Investment Initiative Conference here. The MoUs were signed in the presence of the...

Pfizer announced in March its deal with Seagen.

UAE Vice President Sheikh Mohammed bin Rashid Al Maktoum, who chaired a meeting of the cabinet where the budget was approved, said that during 2024, the development and social benefits sector will receive 42 percent, government affairs 39 percent and the remainder will be channeled to enhance the infrastructure and...

Adults and children over five require a single shot "irrespective of their Covid-19 vaccination history" while younger children may get "one or three doses depending on whether they have completed a primary vaccination course or have had Covid-19" the Amsterdam-based EMA said.

In Q2 2023, net profit jumped 25.7% to $21.8 million.

AMMAN, JORDAN  -  The pharmaceutical and medical supplies sector of Jordan has experienced an impressive 29.7 percent growth in exports during the first five months of this year compared to the corresponding period last year. Fadi Al-Atrash, the sector's representative at the Jordan Chamber of Industry, revealed that exports from...

Heart disease, cancer medicines helped enhance revenue.

BAGHDAD, IRAQ - The World Health Organization (WHO) affirmed it is likely to support Iraq in the localization of its pharmaceutical industry, local media reports say.WHO official Ahmed Zueiten, said, “I spoke with Prime Minister Muhammad Shia al-Sudani about the partnership between Iraq and global health.” He said, "The organization...

New Delhi, India--India's Patent Office rejected on Thursday US pharmaceutical giant Johnson and Johnson’s application to extend its patent on a key  tuberculosis treatment, allowing local companies to make cheaper generic versions. India accounted for nearly 29 percent of 10.6 million tuberculosis cases worldwide, according to the World Health Organization’s (WHO)...

Dupixent drug has been a huge success for the firm.

DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) discussed with the Russian Ministry of Industry and Trade ways to boost collaboration, exchange medical expertise and expand partnerships in the pharmaceutical sector between the two countries. The two countries also discussed ways and means to encourage more Russian companies...

The UAE has signed agreements to the tune of $70.8 million with medical companies to manufacture medical equipment at home.

The WTO is hoping to keep criticism of Russia's war in Ukraine to the first day of talks, when many of the more than 100 ministers due to attend are expected to issue blistering statements.

Envirotainer is the global provider of transportation of biopharmaceuticals.

Saudi Arabia has partnered with Novartis, the Swiss pharmaceutical company, to ramp up the kingdom's bio pharmaceutical capacity.

Acquisition of Planet Pharmacies and growth in segment ops led to growth.

According to the statement, a Jordanian-Azerbaijani Economic and Investment Business Forum will be held in the coming period

The licensed plant will manufacture a variety of injectable human healthcare formulations such as vials, ampoules and prefilled syringes.

The 27th edition of the Dubai International Pharmaceutical & Technologies Conference and Exhibition (DUPHAT 2022) has generated direct and indirect business deals worth AED5.1 billion ($1.38 billion). The largest of its kind in the region, DUPHAT 2022 was held at the Dubai World Trade Centre and featured the participation of...

Bangladesh wants to establish a direct shipping line with the UAE, which will reduce the existing navigation time by two thirds and pave the way for exponential growth in bilateral trade, Bangladesh AK Abdul Momen foreign minister has said. Momen is on a four-day official visit to the UAE. He...

Many banks and businesses, including pharmaceutical and medical companies around the world, over-comply with sanctions out of fear of potential penalties.

The medicines made here will be exported to over 100 countries.

Manufacturers can carry out trials at a fraction of cost in Europe, US National Health Regulatory Authority responsive to safe, quality research trials A clinical trials unit in Bahrain has said it can enable pharmaceutical manufacturers across the world to carry out clinical trials faster than in Europe and America...

New partnership would help create more jobs for Saudis in the Kingdom’s pharmaceuticals sector The partnership is in keeping with Saudi vision to diversify its economy away from oil Saudi Chemical Company Holding (SCCH) and GlaxoSmithKline have entered into a partnership to make pharmaceutical products in Saudi Arabia. SCCH unit...