Tag Archives | pharmaceuticals

Rouhani Reaffirms Support for Knowledge-Based Companies

After opening a specialized pharmaceutical plant in Tehran, Iranian President Hassan Rouhani assured the private sector of his administration’s support for knowledge-based projects and research activities contributing to national production. “The administration will seriously support the whole private sectors in the field of production, particularly those doing knowledge-based activities and the activities on the basis […]

Iran Growth fuels Sinclair Pharma Growth

By John Lee. International aesthetics company Sinclair Pharma has said it has seen strong growth in Iran. In an unaudited trading update, the UK-based company said: “Ellansé delivered revenues of £9.6 million compared to £8.1 million in the prior year representing growth of 18% (10% at constant currency). This reflected strong growth in many markets, especially  […]

Long road ahead for Iran’s Medicinal Plants Industry

By Maysam Bizaer for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The world has seen great advances in medicine in recent centuries, leading to the discovery and manufacture of numerous types of drugs to cure diseases. Yet many around the world still prefer to use plants and natural […]

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 […]

Korean Firm signs Deal with Iranian Pharma

Korea’s Dong-A ST has reeportedly reached a technology transfer agreement with Iranian pharmaceutical firm Rooyan Darou. Under the agreement, Dong-A ST will immediately share its production technology of two therapies — growth hormone injection Growtropin and leukopenia therapy Leucostim — with the Tehran-based company. Rooyan Darou will also be granted a license to make and […]

French Firm Positive about Prospects in Iran

An official at the French industrial conglomerate Groupe NOX said Iran’s nuclear deal with world powers which took effect last year has improved the prospects for financial and trade ties between Iranian and French companies, particularly in the oil and gas sector. Bernard Fages, Groupe NOX regional country manager made the statement on the sidelines […]

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 […]

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 […]

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 […]

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 […]

Russia to Produce Medicine with Iranian Formula

Three medicines with Iranian formulas are going to be produced in Russia, an Iranian official announced. Speaking at a press conference on Tuesday, Head of the Syndicate of Iranian Holders of Human Pharmaceutical Industries Abbas Kebriyayizade said Iran and Russia are developing cooperation in the pharmaceutical industry. As part of that interaction, 3 medicines with […]

NewIcon Moves into Iranian Healthcare Market

By John Lee. Finnish health technology company NewIcon has signed an agreement with a clinic operating near the Iranian city of Urmia. According to the report from Labmate, the deal is for the supply of a fully automated pharmacy storage system. NewIcon’s marketing director Jori-Matti Savolainen said: “Iran has approximately 250 hospitals that are interested […]

Iran signs Deal with Biggest EU Pharma

French pharmaceutical giant Sanofi and the Iran Food and Drug Administration, affiliated to the Ministry of Health and Medical Education of the Islamic Republic of Iran, have signed a Memorandum of Cooperation (MoC) to start discussions in order to explore the possibilities in which Sanofi may lend its know-how and expertise to benefit the citizens […]