GMPC sees lowers profits in Q1-23 initial financials
The net profits attributable to the owners of Gulf Medical Projects Company (GMPC) hit AED 13.21 million in the first quarter (Q1) of 2023, an annual drop from AED 15.15 million. The revenues jumped to AED 135.95 million in the January-March 2023 period from AED 124.72 million in Q1-22, according to the interim financial results. […]
Mubadala-backed M42 acquires Bridgepoint’s dialysis firm Diaverum
Abu Dhabi’s M42, a newly created healthcare joint venture by state fund Mubadala Investment Company and artificial intelligence firm G42, has acquired Bridgepoint Group’s European dialysis clinic chain Diaverum. M42 will buy Sweden-based Diaverum, making it the largest healthcare company in the Middle East, it said in a statement. M42 did not disclose the value […]
UAE astronaut Sultan AlNeyadi now on experiment to explore possibility of making food, medicines in space
UAE astronaut Sultan AlNeyadi, who is now in his third week aboard the International Space Station, is working on a gravity simulator as part of his experiment on space biomanufacturing, the Mohammed in Rashid Space Centre (MBRSC) has tweeted on Wednesday. “This experiment contributes to the advancement of space biomanufacturing, which includes the production of […]