Israël – Sun Pharma calls off $600-million plan to buyout remaining stake in Taro

February 11, 2013 8:56 pm0 comments
Israël – Sun Pharma calls off $600-million plan to buyout remaining stake in Taro

In another twist to Sun-Taro battle, the domestic drug major today called off nearly $600 million plan (over Rs. 3,100 crore) to acquire outstanding shares of Israel’s Taro Pharmaceutical citing pricing issues. The domestic pharma major also said hiking the offer price – to acquire remaining stake in Taro – would not […]

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Syria – WTO Seeks International Aid For Syria’s Severe Drug Shortages

January 25, 2013 2:43 pm0 comments
Syria – WTO Seeks International Aid For Syria’s Severe Drug Shortages

The World Health Organization (WTO) this week called on the international community to contribute $17.5 million for urgently needed medicines and medical supplies in Syria. In February 2011, the government of President Bashar al-Assad launched a violent crackdown on protesters which escalated into armed rebellion with several countries now providing aid […]

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Iraq – GSK to start local manufacturing

2:20 pm0 comments
Iraq – GSK to start local manufacturing

The drugs company, which has been the almost exclusive supplier of medicines and vaccines to Iraq’s ministry of health for over 20 years, is setting up a manufacturing base in the country. The agreement with local firm Modern Drug Industries will see GSK medicines packaged and manufactured at their Baghdad […]

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The Middle East: A pharma market in the making

January 22, 2013 12:33 pm0 comments
The Middle East: A pharma market in the making

(by Rajesh Chhabara – Intl. Consultant) The Middle East represents a diverse mix of markets, with Jordan the largest Arab pharmaceutical exporter in the region and Lebanon almost entirely dependent on imports. With the exceptions of Egypt and Israel, every country in the region is heavily dependent on imports. According to […]

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