Archive | Healthcare

Japan Donates $6.9m to Iranian Projects

The Government of Japan has allocated $6.9 million to five projects in Iran. The assistance, aimed at building a “tolerant and stable society” in the region, will go to the following projects over the next five years: United Nations Development Programme (UNDP): $1 million towards the restoration of Lake Urmia “via local community participation in […]

Azerbaijan, Iran start Construction at new Pharma Plant

By John Lee. Construction has started at a new Azerbaijan-Iran pharmaceutical plant in the Azerbaijani capital Baku. Caspian Pharmed is 49-percent owned by Iran’s Tamin Pharmaceutical Investment Company, with the Azerbaijan Investment Company owning 25 percent and Azersun Holding 26 percent. The plant will be commissioned within two years, at a cost of over $30 […]

US Eases Medical, Agro Exports to Iran

The US Treasury Department said it has amended the licensing provisions of Iranian Transactions and Sanctions Regulations (ITSR) to allow the exports of medical devices and agricultural commodities to the Islamic Republic. “OFAC is adopting a final rule to amend the licensing provisions of the ITSR to expand the scope of medical devices and agricultural […]

Cipla Forms JV to Manufacture Drugs in Iran

By John Lee. Indian pharmaceutical company Cipla Holding has entered into a joint venture agreement with Ahran Tejarat for manufacturing and marketing pharmaceutical products in Iran. Under the agreement, Cipla will initially acquire a 75 percent stake in Iranian firm Issat Co., which is currently owned by Ahran Tejarat, for a cash consideration of €1.35 […]

Starpharma signs License for Condoms in Iran

Australia’s Starpharma Holdings has announced the signing of a License and Supply Agreement with Koushan Pharmed for the sales and marketing rights to the VivaGel® condom in Iran. According to a statement from the company, Iran represents a commercially attractive retail market for condoms with over 60% of the 75 million population under 30 years of […]

Police Overwhelmed as Drugs from Iran flood Basra

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. In the oil-rich city of Basra in southern Iraq, drug-trafficking gangs are gaining power. Through certain areas on the Iraqi-Iranian border, drugs come in from Iran to be consumed in Basra […]

Denmark’s Exports to Iran Rise by 66%

Denmark’s Ambassador to Iran Danny Annan said his country’s exports to the Islamic Republic jumped by 66 percent in the 17 months ending May 31, 2016. “Bilateral trade is really blooming,” Annan said as cited by PH Post on Tuesday. “If you look at the first five months of 2016 and the total result of […]

Turkish Investors “Have Priority” in Iran’s Health Sector

Iran gives priority to Turkish companies when it comes to attracting foreign investment in the health sector, such as in construction of hospitals, Iran’s Health Minister Hassan Qazizadeh Hashemi said. In a meeting with Iran’s embassy staff in Ankara, Qazizadeh Hashemi highlighted the abundant opportunities for foreign investors available in Iran, as in the healthcare […]

Australian Natural Health Firm in Iranian Deal

By John Lee. Australian natural health company Blackmores has sec­ured a deal to gain access to the Iran­ian market. According to a report from The Australian, the company will partner with local firm Tasnim Pharma, which will sell 10 Blackmores products over the coming year before ramping up to 25 products, with the Iranian company […]