Archive | Healthcare

Swedish Bio-Pharma Firm confirms Iran Order

By John Lee. Swedish biopharmaceutical company Xbrane has confirmed an additional order of Spherotide from Pooyesh Darou, its partner in the Middle East, to a value of SEK 8.5 million ($1.1 million) to be delivered in Q4 2017. With this delivery Xbrane will meet its expected sales during 2017 of approximately SEK 20 million, as […]

Record High Temperatures in Iran

Temperatures in the southwestern city of Ahvaz hit 53.7°C (128.7 degrees Fahrenheit) on Thursday, with another source citing 129.2 degrees F. If confirmed, this would arguably tie for the hottest temperature ever measured on Earth in modern times, according to a report from The Independent. The Iranian cabinet decided on Wednesday to authorise banks, state […]

Iran on Fast-Track to Beating Noncommunicable Diseases

Since the 1960s, the Islamic Republic of Iran’s urban population has tripled and life expectancies have risen. This, however, has increased people’s exposure to tobacco, unhealthy diets, and physical inactivity – among the main risk factors for noncommunicable diseases (NCDs), primarily cardiovascular and lung diseases, cancer and diabetes. Thankfully, advances led by the very highest […]

Iran to Rank Third in Asian Biotech Medicines

Iran will rank third in Asia in terms of production of biotech medicines within the next three years, a senior official at the office of the vice-president for science and technology affairs announced. “Currently, the number of biotech medicines in the world market is 146, of which 20 are available in the Iranian market,” Mostafa […]

President opens 600-bed Bu-Ali Sina Hospital in Shiraz

The 600-bed Bu-Ali Sina Hospital was opened in Shiraz on Thursday in President Rouhani’s presence during his visit to Fars province. President also visited different parts of the hospital and was briefed by the managers of the province about the construction and equipment process. The hospital that offers educational, research and medical services, has various […]

Iran Eyes Becoming Regional Hub of Nuclear Medicine

A target at the top of the agenda of the Atomic Energy Organization of Iran (AEOI) is to turn the country into the region’s hub for production of nuclear medicine, Iran’s top nuclear official announced. Addressing a ceremony to mark the National Nuclear Technology Day in Tehran on Sunday, Head of AEOI Ali Akbar Salehi […]

Sinclair Pharma sees Strong Growth in Iran

By John Lee. International aesthetics company Sinclair Pharma has said it has seen strong growth in Iran, with another strong year expected in 2017. In its preliminary results announcement, the UK-based company said: “Revenues to Iran increased strongly in 2016 and with our partner in Iran now responsible for the full Sinclair portfolio, further growth is […]

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 […]

Avita Medical Signs Exclusive Deal in Iran

A dedicated clinic for Avita Medical‘s regenerative medical devices will soon open in Iran following the appointment of an exclusive distributor in this significant aesthetic market, the company said today. Avita Medical Ltd, a regenerative medicine company specialising in new treatments for wounds and skin defects, said the clinic in Tehran would in the first […]

Video: Iran Cashing in on Medical Tourism

Medical tourism is on the rise as more people are taking trips to less developed countries to save thousands of dollars on healthcare and cosmetic surgery. According to the WHO, the global profit of medical tourism is estimated at $60bn a year. Among the countries pushing to get a bigger piece of the market is […]

Finland, Iran sign MoU on Healthcare Cooperation

Finland’s Minister of Family Affairs and Social Services Juha Rehula met Iran’s Minister of Health and Medical Education Seyed Hassan Hashem in Helsinki on Tuesday. During his two-day visit, the Iranian Minister will learn about Finland’s healthcare system. The Iranian delegation is particularly interested in preventive healthcare, cancer treatments, dental health and the high-level of […]