Business & Industry

Aspen reports rise in profits on overseas business

South African generic drug maker Aspen Pharmacare reported a 23 percent increase in first-half profit on Thursday, boosted by robust performance from its overseas business. Africa‘s biggest maker of generics said diluted normalised headline EPS totalled 468.1 cents in the six months to end-December compared with 380 cents a year earlier. Headline EPS, the main profit gauge

Aspen reports rise in profits on overseas business

South African generic drug maker Aspen Pharmacare reported a 23 percent increase in first-half profit on Thursday, boosted by robust performance from its overseas business. Africa‘s biggest maker of generics said diluted normalised headline EPS totalled 468.1 cents in the six months to end-December compared with 380 cents a year earlier. Headline EPS, the main profit gauge

IFC extends facility to Nigeria pharmacy chain, HealthPlus

The International Finance Corporation (IFC), a member of the World Bank Group, has announced an agreement with HealthPlus Limited and CasaBella International Limited to provide a $5 million loan facility that will help the two companies expand pharmaceutical and personal care services in Nigeria.

NovaBay-Pharma-Logo-101912

NovaBay signs distribution agreement with the Biopharm Group

NovaBay Pharmaceuticals, a biopharmaceutical company focusing on the development and commercialization of its non-antibiotic anti-infective products, has signed an exclusive distribution agreement for NovaBay’s NeutroPhase Skin and Wound Cleanser with the Biopharm Group, a leading pharmaceutical company in the Middle East, headquartered in Cairo, Egypt. Under the terms of the agreement, Biopharm will market NeutroPhase

Deals

serenus1

Ireland-based global life sciences company invests in Africa-focused biopharma startup

Serenus Biotherapeutics, Inc., a specialty biopharmaceutical company bridging the divide between the world’s leading pharmaceutical markets and the growing demand for access to innovative therapies in the emerging nations of Africa announced it had secured investment of up to $43 million from Malin Corporation plc, an Ireland-based global life sciences company focused on healthcare. Under

Policy & Regulatory Affairs

NAFDAC

NAFDAC’s Drug Control Lab Gets International Accreditation

The U.S. Agency for International Development (USAID)’s Director in Nigeria, Michael T. Harvey, today presented the International Organization for Standardization quality certificate to the National Agency for Food and Drug Administration and Control (NAFDAC) Central Drug Control Laboratory in Yaba, Lagos. NAFDAC becomes the third national quality control lab in Africa to achieve ISO 17025 accreditation

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Arab African Joint Pharmaceutical Market

Pharma Projects

pills

Nigeria government in partnership to finance pharmaceutical warehouse in Abuja

The Federal Government of Nigeria, through the Federal Ministry of Health, and in collaboration with the U.S. government through the United States Agency for International Development (USAID) and Global Fund has started construction of three pharmaceutical warehouses in Abuja. . Supervising Minister of Health, Dr Khaliru Alhassan, said the project would be completed within five months at

Plans set for new ARV production plant in Ghana

Oxford International Biomedical Ventures (OIBV), the ‘commercial arm’ of  United Kingdom-based charitable organisation Oxford International Biomedical Centre (OIBC) and the Government of Ghana (GoG) led by the Ministry of Environment, Science and Technology (MEST), are set to jointly establish a plant to manufacture anti-retroviral drugs and drugs for Priority Endemic Diseases in Ghana, OIBC said in a

People

Pharma Deko appoints Non- Executive Director

Pharma Deko Plc has notified the Nigerian Stock Exchange that at the 137th meeting of its Board of Directors held on Wednesday, May 14th 2014, Professor Herbert C.B. Coker of the Faculty of Pharmacy, University of Lagos was appointed a Non–Executive Director of the Company effective May 15, 2014.

Press Releases

International

China delegation conducts East African visit and seminar

The Chinese Chamber of Commerce for Import & Export of Medicines and Health Products (CCCMHPIE) last month led a delegation to the East African countries of Kenya and Tanzania from Sep. 13 to 19 during which it held in Kenya a seminar titled “Sino-Africa Drug Trade Cooperation – The Seminar on Chinese Medicinal Products”.

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