Tag Archives | pharmaceuticals

Moving Medicine in Iraq: Networks Fuelling Everyday Conflict

By Dr Renad Mansour for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Moving medicine in Iraq: Networks fuelling everyday conflict A system involving doctors, pharmacists, political parties, armed groups, and businesspeople fuels corruption and conflict in a medicine supply chain which […]

Fundamental Changes in Kurdistan Pharmaceutical Regulations

Kurdistan Region's medicine market sees fundamental changes in pharmaceutical regulations The Kurdistan Regional Government's (KRG) Ninth Cabinet took effective measures to regulate the medicine market, making fundamental changes in its crackdown on illegal and counterfeit medications imported to the Kurdistan Region. The KRG in 2019 enhanced its efforts to regulate the medicine market and provide […]

Iraqis "keen to Invest" in Bangladesh

By John Lee. Some Iraqi business people are reportedly interested in investing in Bangladesh's pharmaceutical and leather sectors. According to The Daily Star, this could be either through joint ventures or on their own. The comments follow a visit by a six-strong delegation from the Sulaymaniya Chamber of Commerce & Industry to the Dhaka Chamber […]

KRG launches new Tendering Process for Medicines

By John Lee. The Kurdistan Regional Government (KRG) has announced a new tendering process for medicines. According to a statement from the KRG, the new system will stabilise the price of 230 different medications. KRG Prime Minister Masrour Barzani commented: "Through transparent contracts, we will provide our citizens with better quality medicine at a lower […]

Work Starts at New Pharma Plant in Samarra

By John Lee. Iraq's General Company for the Pharmaceutical Industry and Medical Supplies has started erecting steel columns for its new factory in Samarra. The 3,000-square-meter plant will produce sterile products including ampoules, liquid vials, dental carbolates, sulfasporins and betyllactan derivatives. The project is implemented by Sarh Technology Company for General Trading, which has invested […]

Iraq-UK Trade Fell slightly in 2021

By John Lee. Medicinal and pharmaceutical products was the biggest category of goods exported from the UK to Iraq in the four quarters to the end of Q4 2021. According to a report issued by the UK's Department of International Trade (DIT), the sector accounted for exports of £87.2 million, which was 24.2 percent of […]

Iraq's Locally Made Hand Sanitizer and Disinfectant

The University of Karbala produces locally made hand sanitizer and disinfectant for health facilities, in first of its kind UNICEF-supported project In the first of its kind project since the corona virus outbreak, graduate students in the pharmaceutical department of the University of Karbala have produced 14,500 locally made hand sanitizers and 10,000 large products […]

Pharma Firm pays $25m to Resolve Corrupt Payments

The US Securities and Exchange Commission (SEC) announced that Paris-based pharmaceutical company Sanofi has agreed to pay more than $25 million to resolve charges that its Kazakhstan and the Middle East subsidiaries made corrupt payments to win business. According to the SEC’s order, the schemes spanned multiple countries and involved bribe payments to government procurement officials […]

New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Glass production, State Company for Glass and Refractories Industry (SCGR) Drugs and Medical Appliances (Samarra), State Company for Drugs and Medical Appliances (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

AstraZeneca Investigated for Alleged Corruption in Iraq

By John Lee. UK-bassed pharmaceutical company AstraZeneca has said it is the subject of an anti-corruption investigation in the US relating to its activities in Iraq In its latest quarterly filing with the Securities and Exchange Commission (SEC), the company said: "As previously disclosed, in the US, in October 2017, AstraZeneca and certain other pharmaceutical and/or medical device […]

Investment Opportunity: Pharmaceutical Plant in Samarra

By John Lee. The National Investment Commission (NIC), and the State Company for Drugs and Medical Appliances, have announced an opportunity to invest in the rehabilitation, modernization and operation of the Samarra drugs plant. In a statement, the NIC said: "It invites reliable Arab and foreign companies directly or their agents – not mediator or […]

UK Firm to supply Emergency Medicines to Iraq

By John Lee. UNICEF has picked UK-based Morningside Pharmaceuticals to supply medicines for emergency aid projects in the Middle East as well as Haiti and Liberia. According to a report from Leicester Mercury, the £1.2-million [$1.5-million] contract will include the supply of emergency medicines to Syria and Iraq. (Source: Leicester Mercury)