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Ibnsina Pharma (ISPH) is set to establish a new company for investment in different unnamed pharma manufacturing companies.
The company is studying “a number” of potential investments and is closing in on signing non-binding offers for the purchase of minority stakes through its newly-established special purpose vehicle (SPV).
The move came after the board of directors’ approval, that took place on February 23rd, to invest in the healthcare sector.
Ibnsina Pharma is an Egypt-based pharmaceutical distribution company. The company distributes a portfolio of pharmaceutical products from over 350 Egyptian and multinational companies to more than 35,000 customers including pharmacies, hospitals, retail outlets, and wholesalers.
