Amethis acquires minority stake in pharmaceutical distributor Avacare

SOUTH AFRICA – Amethis, an Africa-focussed investment fund manager has acquired a minority stake in Avacare, a key regional distributor and manufacturer of both pharmaceuticals and healthcare consumable products across South Africa. The fund manager focused on the African continent will support Avacare in its project to strengthen its pharmaceutical products. Avacare is a pan-African distributor and manufacturer operating across several African countries among them Namibia, South Africa, Lesotho, Botswana, eSwatini, Zimbabwe, Zambia, and Kenya. Avacare, which has been in existence for 25 years, is also thinking of expanding its presence in…

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Haltons pharmacy enters Ethiopian market

ETHIOPIA – Haltons pharmacy, a retail pharmacy chain dispensing prescription and non-prescription pharmaceutical products has opened a branch in Addis Ababa, becoming the latest Kenyan entity to make entry into the neighboring country. Haltons is a subsidiary of mPharma, a patient-centered and technology-driven healthcare company. The pharma retailer has 27 stores across Kenya. The Ethiopian store is located at Sarbet, a suburb in the capital Addis Ababa. The entry also involves Belayab Pharmaceuticals, through a franchise agreement signed in March this year, 2021. The new pharmacy in Ethiopia is intended…

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Health tech startup Field Intelligence expands in Kenya

KENYA – Field Intelligence, a Nigerian-based health tech startup that is digitizing the supply chain and transforming access to essential, life-saving medicine, has expanded to Eldoret, Mombasa, Kisumu and Naivasha in Kenya with its revolutionizing pharmaceutical platform-Shelf Life. This expansion adds to Field Intelligence’s existing 700 plus pharmacy membership, which has so far provided drugs to over 1.4 million patients. Pharmacies use the Shelf Life platform to supply drugs through its Pay-As-You-Sell programs, offering a cheaper option than seeking for working capital. In Nigeria, the startup has expanded to Rivers,…

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International financiers inject US$700.5m into Aspen to bolster its operations amid Covid-19 vaccine drive

SOUTH AFRICA – Aspen Pharmacare has secured a US$700.5 million financing package led by International Finance Institution (IFC),  to support the pharmaceutical firm’s operations, including the production of vaccines. Joining the largest healthcare investment and mobilization globally to date were French development institution Proparco, German development finance corporation DEG and the US International Development Finance Corporation. The World Bank’s private sector arm, the International Finance Corporation (IFC), is mobilising the deal and contributing US$237 million, Proparco is providing US$184.8 million; Germany’s development institution DEG, US$170.5 million; and the US Development…

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Ascendis Health to offload 49% stake in pharmaceutical company Farmalider as it recapitalizes

SOUTH AFRICA – Health and wellness company Ascendis Health will sell its 49 percent stake in Farmalider to MMC International Health Holding for US$6 million as part of its plan to recapitalize the local group, a statement from the company has said. The Farmalider interest was to have been part of a group of disposals, but creditors had instead consented to the separate disposal of the company. Farmalider is a Spanish pharmaceutical company that develops, licenses and supplies mainly generic and over-the-counter products to a range of multinational companies. Farmalider…

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Bayer to expand further into Southern Africa region as it celebrates 100 years

SOUTH AFRICA –  German multinational pharmaceutical and life sciences company group Bayer is set for further expansion in Southern African as it celebrates 100 years of operations in the country, capped by a vibrant performance even in the Covid-19 lockdown period. The group enthused recently that it ended a turbulent 2020 by celebrating 100 years in South Africa, a century in which its operations across agriculture, pharmaceutical and consumer health have grown substantially. “This South African operation leads the market sales across all three business units on the continent and…

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Health and beauty company Clicks to acquire Pick n Pay’s pharmacy business

SOUTH AFRICA – Health and beauty company Clicks, plans to acquire the retail pharmacy business of Pick n Pay, Clicks Group has said in a statement. Clicks is the largest retail pharmacy network in the country. The acquisition will include 25 in-store pharmacies that will be rebranded to Clicks which will take the national presence of the health and beauty retailer to 632 pharmacies. In terms of the proposed transaction, Clicks will acquire the pharmacy licences and ethical drug stock, while all staff employed in the pharmacies will transfer from…

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Biotech startup Impulse Biomedical raises funding from PE firm Futuregrowth

SOUTH AFRICA – Biomedical engineering startup Impulse Biomedical has raised funding from the Futuregrowth Development Equity Fund (DEF) to speed development and release of its flagship device. The Impulse device, the ZiBiPen, was designed by engineering graduates Gokul Nair and Giancarlo Beukes while completing their Masters’ Degrees in Biomedical Engineering at the University of Cape Town (UCT). The device aims to revolutionise the emergency treatment of life-threatening anaphylaxis, a severe allergic reaction that occurs when a patient is exposed to a foreign substance such as an insect bite or certain foods.  Without…

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Healthcare startup mPharma to launch Haltons Pharmacies in Ethiopia

ETHIOPIA – Ghanaian health tech startup mPharma has signed a franchise agreement with Belayab Pharmaceuticals to open Haltons Pharmacies in Ethiopia Through the agreement, mPharma will leverage its technology platforms, insights, and extensive experience working with hospitals and retail pharmacies across Africa to help Ethiopia achieve universal medical coverage to all its patients. mPharma and Belayab Pharmaceuticals aim to open two operational pharmacies in Addis Ababa this year.  mPharma Currently operates in Ghana, Nigeria, Zambia, Rwanda, and Kenya and serves about a million patients every year through over 300 partner pharmacies.…

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South Africa’s renewables firm Renergen develops ultra-cold transport solution for vaccines

SOUTH AFRICA – HELIUM and natural gas company Renergen has successfully operated its first Cryo-Vacc prototype, which has been designed and patented to transport and store ultra-cold biologics for up to 25 days or longer, where access to an external power source is not possible. Companies and governments around the world are working on ways to establish cold chain storage and delivery systems for vaccines such as Pfizer and BioNTech shots which must be shipped and stored at ultra-cold temperatures and can only last at standard fridge temperatures for up…

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