African Business News

Tabuk Pharmaceuticals, Pfizer enter into partnership

Tabuk Pharmaceuticals, one of the leading pharmaceutical companies in the Middle East and North Africa region (MENA), has signed a commercial agreement with Pfizer, the US-based global industry leader. The venture leverages the respective companies’ market leading presence in the Kingdom of Saudi Arabia, to deliver increased value to patients in the Cardiovascular, Central Nervous System, Anti-infective and Respiratory therapeutic areas.

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BSD Medical (BSDM) Says MicroThermX Marketing Approved in South Africa

BSD Medical Corporation (NASDAQ: BSDM) today reported that Terumo Europe NV (Terumo) has obtained approvals to market and import the MicroThermX® Microwave Ablation System (MicroThermX) in South Africa, Dubai, Qatar, and Jordan. These approvals are part of Terumo’s comprehensive marketing strategy to expand MicroThermX distribution outside of Western Europe. BSD’s exclusive, multi-million dollar agreement with Terumo covers distribution of the MicroThermX in more than 100 countries, including Europe, Western Asia and Africa, with a market potential that exceeds $1 billion.

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Coke and Partners to Give 10 African Countries $21 Million of Medical Aid

The U.S. Agency for International Development (USAID), has joined Project Last Mile’s partners to include Mozambique and nine other African countries in their efforts to supply medicines and medical supplies.

USAID joins the Global Fund to Fight AIDS, Tuberculosis and Malaria, the Bill & Melinda Gates Foundation and the Coca-Cola Co. and its foundations in the public-private partnership that has promised an investment of more than $21 million over the next five years.

Project Last Mile currently is operating in Tanzania and Ghana.

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Africa’s first medical tablet wins award

Five young visionaries from Africa, India, Europe and the Middle East were announced at London’s leading scientific institution, the Royal Society, as winners of the 2014 Rolex Awards for Enterprise.

One winner in particular, Arthur Zang from Cameroon, has invented what is believed to be Africa’s first medical tablet, which will allow health-care workers in rural areas to send the results of cardiac tests to heart specialists via a mobile-phone connection.

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