Lebanon’s IPS buys 52% stake in MEIVO

: Sunday, July 06 - 2014 @ 04:14

Lebanon-based pharmaceutical firm, Integrated Pharma Solutions (IPS) has said it has acquired 52.48% of MEIVO Pharmaceuticals in Egypt, The Daily Star has reported. “This move falls within the vision of IPS to create a network of pharmaceutical manufacturing facilities in the Middle East and Africa,” IPS Group Chairman Ahmed Yacout said. The value of the deal was not disclosed.

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Sunday, July 6- 2014 @ 4:14 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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