As a result of the agreement, Sanofi is to pay BIOCORP a further €2 million upon signature of the contract (last July, BIOCORP received a first payment of €4 million). In addition, a third payment of €1.5 million is expected in 2020 when Mallya is effectively launched on the market. BIOCORP will produce the Mallya devices at its production plant in Issoire, France.
Almac Group was awarded this honour for the organisation’s unique and innovative £1 million sponsorship agreement with W5, the interactive discovery centre in Belfast. The partnership, a first of its kind in Ireland, has resulted in a comprehensive STEM learning programme based at W5 that aims to improve access to STEM education and promote exciting career possibilities available through pursuing STEM subjects.
Sanofi will acquire the clinical-stage biotechnology company Synthorx. The transaction was unanimously approved by both Boards of Directors. According to Sanofi CEO Paul Hudson, this acquisition fits perfectly with the strategy to build a portfolio of high-quality assets and to lead with innovation. Additionally, it is aligned with the group's goal to build their oncology franchise with potentially practice-changing medicines and novel combinations.
Dallah Healthcare Co. signed on Monday an agreement to buy a 10% stake in Meras Arabia Medical Holding Co. (Meras) which is specialized in dental and aesthetic medicine, the company said in a bourse statement. The deal was concluded for a value of SAR 12.2 million that will be paid from the company’s internal resources. Before this deal, the Saudi-listed healthcare provider owned an indirect stake of 18.9% in Meras through its investment in MIFIC Private Equity opportunities fund 3.
The family shareholder group that holds a 45.01% stake in Roche (ROG.S) on Thursday added seven members from the next generation to the group, saying the move underscored the family’s desire to preserve the pharmaceutical company’s independence long-term.
The shareholder pool, comprised of descendants of Roche founder Fritz Hoffman-La Roche, said the pool now counted nine fifth-generation and six fourth-generation family members.
A service organization enabled by technology, RxS provides a wide range of services including Commercial, Sales Operations, and Multi-Channel Initiatives, all with a compliance focus to the Life Sciences industry. The expansion into Poland greatly expands the company's footprint and provides a natural extension for their service offerings.
Bionomics Limited (ASX:BNO, OTCQB:BNOEF), a global, clinical stage biopharmaceutical company leveraging proprietary platform technologies to discover and develop a deep pipeline of novel drug candidates targeting ion channels, is pleased to announce that the Company has accepted an offer from Domain Therapeutics (“Domain”) for its two wholly owned subsidiaries, Neurofit SAS (“Neurofit”) and PC SAS “(“Prestwick Chemical”), which operate as contract research companies in France.
Nwanze, who spoke recently at the Annual Conference of the Society of Occupational and Environmental Health Physicians of Nigeria (SOEHPON) 2019 held in Lagos recently, said the national health insurance service of the United Kingdom has made it clear that apart from the government trying to assist workers to manage their health, everyone has a personal responsibility to take care of their health.
Lebanon's finance ministry announced on Friday that it has transferred all the dues of private and public hospitals in Lebanon to their bank accounts to put an end to their shortage in funds. Syndicate of Private Hospitals President Suleiman Haroun announced on several occasions that Lebanese private hospitals will not be capable of receiving patients due to their shortage in cash which resulted in a lack of the needed materials, the National News Agency reported.
Mr Victor Aleke, representing Ebonyi North-West in the Ebonyi House of Assembly, said that the state government established 171 basic health centres to address challenges of rural health-care services. He added that the initiative would bring health-care service closer to the people. The lawmaker stated this during a constituency multi-stakeholders town hall meeting held on Friday at Odomoke, in Ebonyi Local Government area of Ebonyi.
According to various industry and market publications, pharmaceutical companies spend, on average, 17% of revenues on R&D, making it one of the biggest spenders in this area. Outside of the semiconductor industry, no other industry spends more on R&D. A quick survey of other industries by Investopedia, clearly shows how much most of them are outspent in R&D by pharmaceutical companies.
BioArctic AB (publ) (Nasdaq Stockholm: BIOA B) will be strengthening its management team in 2020 through two strategic recruitments. As of January 1, Tomas Odergren will assume the role of Chief Medical Officer and as of May 18, Oskar Bosson will assume the role of VP Communications & IR. Tomas Odergren has significant experience from senior positions including at AstraZeneca, Lundbeck and most recently at BioArctic.
INFOMINEO RESOURCES
A highlight of some of our resources to expand your knowledge on Africa and the Middle East.
Infomineo supported a consulting firm by finding quantitative and qualitative details about the average level of qualification, the average compensation package, and the availability of pharmaceutical sales representatives in 23 African countries.
Request Objectives: to understand the markets of luxury anti-aging cosmetics and premium dietary supplements, in the following aspects: market size, identification of most relevant channels, competitive landscape, route to market, opportunity assessment.
INFOMINEO
Infomineo is a data and research service provider, that specializes in Africa and the Middle East, dedicated to supporting global companies in getting access to information that powers their investment decisions in the region. Through a direct presence in key markets such as the UAE, South Africa, Kenya, Egypt and Morocco, Infomineo provides a quick access to market data on key questions such as: market and product prioritization, partner identification, commercial due diligence, route to market, supply chain mapping and competitive analysis among others. Along with conductingCustom Research for clients, Infomineo also delivers an Expert Network service and a Business Translation service.
INFOMINEO, Value added business research, Casablanca, Morocco