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Aspen to sell two drugs groups for $301m

May 21 2015 15:00

Aspen Pharmacare, Africa’s largest generic-drug maker, has agreed to sell two pharmaceutical portfolios to units of Strides Arcolab of India for a combined $301m.


Mediclinic gains on Swiss, SA hospital growth

May 21 2015 11:46

Mediclinic International says full-year profit rose after it expanded in Switzerland and its home market, and benefited from a stronger Swiss franc.


WHO sets up $100m fund to prepare for Ebola

May 19 2015 20:30

The World Health Organisation is setting up a $100m contingency fund to ensure that it would not be "overwhelmed" by a major crisis again as it was with Ebola.


Weak rand, rising demand boost Netcare profit

May 18 2015 12:40

Netcare has posted a 19.6% rise in half-year profit, helped by strong demand at its home market and favourable currency swings.


Aspen sells part of local unit to Endo for R1.6bn

May 11 2015 20:00

South Africa's biggest drugmaker Aspen Pharmacare says it will sell a part of its local business to a unit of Endo International for R1.6bn.


US hospitals to pay $15.69m to resolve Medicare probe

May 08 2015 11:00

Sixteen hospitals will pay $15.69m to resolve allegations they were reimbursed from Medicare for services that were unnecessary, says the US Justice Department.


Siemens unit probed by China regulator - sources

May 03 2015 10:05

A Chinese regulator has investigated Siemens over whether its healthcare unit and dealers have bribed hospitals - people who know about the probe tell Reuters.


Bidvest only gets 1% more of Adcock

May 01 2015 13:00

The Bidvest Group has only raised its stake in Adcock Ingram by 1% since launching an offer for the drug maker as it eyes the market for generic drugs.


Predictive medical underwriting launched

Apr 22 2015 10:15

One of the obstacles in getting life insurance is medical underwriting, which requires medical tests before clients can be offered insurance products.


Pfizer wins first US trial over Zoloft

Apr 19 2015 12:00

Pfizer has scored a key victory when it was cleared of liability in the first US trial involving claims that its antidepressant Zoloft can cause birth defects.

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Europe watchdog seeks tighter rules on ibuprofen

Apr 13 2015 17:30

A European panel has backed tougher guidelines on ibuprofen after research found high doses of the popular painkiller are linked to an increase in cardiac risk.


UK biotech group raises $58m for RNA drive

Apr 09 2015 19:00

British biotech group Silence Therapeutics has raised £38.9m by selling two tranches of new shares at 240 pence each to develop its genetic medicine platform.

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