Company Insights G42 Healthcare Health G42 Healthcare Overview A subsidiary of G42 Holding, G42 Healthcare used data and advanced medical technologies to “transform the traditional healthcare ecosystem”. Based in Abu Dhabi, G42 Healthcare developed programmes across diagnostics, digital health, therapeutics and advanced omics or study of sets of molecules. In 2022 G42 Healthcare merged with Mubadala Healthcare, creating M42, a “tech-enabled, integrated healthcare company”. G42 Healthcare News Health UAE’s medical AI ‘will not replace doctors’ The UAE’s unveiling of a homegrown clinical artificial intelligence program is a breakthrough in healthcare technology say industry experts, but AI will not yet replace doctors talking to patients. M42, an offshoot of G42 Healthcare and Mubadala Health and based in Abu Dhabi, announced last month that it had built a clinical Large Language Model […] November 14, 2023 Exclusive Health US biotech manufacturer seeks Gulf genomics partners US biotech company ProPhase Labs is in talks with prospective partners in the UAE and Saudi Arabia. ProPhase Labs, which is listed on Nasdaq, has appointed two advisers: investment bank ThinkEquity and Al Ramz Corporation, a capital markets financial institution in Abu Dhabi. Discussions with potential partners in Dubai, Abu Dhabi and Saudi Arabia are […] August 22, 2023 Banking & Finance Mubadala co-leads $315m fundraising for Chinese firm Singapore-based healthcare investment firm CBC Group and Abu Dhabi sovereign fund Mubadala Investment Company have completed a $315 million fundraising round for Hasten Biopharmaceutic Company. The proceeds will fund future acquisitions and business development of pipeline assets, CBC said in a statement. Mohamed Albadr, head of Mubadala’s China office, said they will build a biopharma platform […] April 20, 2023 Health M42 buys European dialysis group Diaverum Abu Dhabi’s newest tech-enabled healthcare company, M42, has made its first investment with the acquisition of Diaverum, a global renal care service provider. The value of the deal for Bridgepoint Group’s European dialysis clinic chain was not disclosed, although previous reports by Bloomberg suggest it could be in the region of $2.5 billion. M42 launched […] April 19, 2023 Exclusive Markets Presight to use IPO as springboard to global expansion Big data and analytics company Presight is targetting international expansion once they have listed later this month. The firm, part of Abu Dhabi’s G42, plans to raise $495 million from its floating on the ADX. The subscription period for the initial public offering (IPO), which was 136 times oversubscribed, closed on Friday with a total […] March 17, 2023 Analysis Pharma giants move in on UAE as demand stretches local firms AstraZeneca and G42 Healthcare have signed an agreement to locally manufacture pharmaceuticals in Abu Dhabi. The agreement outlines collaboration in four key areas, including localisation of manufacturing, research and development, innovation and sustainability at a global scale. But while the deal aims to cement Abu Dhabi’s position as a hub for research and innovation in […] December 21, 2022 Exclusive Health G42 Healthcare executive hails new era after Amazon tie-up “We want to reach everywhere at scale and at speed.” Many business leaders might say so, but when Dr Fahed Al Marzooqi, chief operating officer of G42 Healthcare, tells AGBI this, he has good reason. G42 Healthcare, a subsidiary of Abu Dhabi-based AI firm G42, recently struck a deal with Amazon’s cloud computing arm – […] November 23, 2022 Posts navigation
Health UAE’s medical AI ‘will not replace doctors’ The UAE’s unveiling of a homegrown clinical artificial intelligence program is a breakthrough in healthcare technology say industry experts, but AI will not yet replace doctors talking to patients. M42, an offshoot of G42 Healthcare and Mubadala Health and based in Abu Dhabi, announced last month that it had built a clinical Large Language Model […] November 14, 2023
Exclusive Health US biotech manufacturer seeks Gulf genomics partners US biotech company ProPhase Labs is in talks with prospective partners in the UAE and Saudi Arabia. ProPhase Labs, which is listed on Nasdaq, has appointed two advisers: investment bank ThinkEquity and Al Ramz Corporation, a capital markets financial institution in Abu Dhabi. Discussions with potential partners in Dubai, Abu Dhabi and Saudi Arabia are […] August 22, 2023
Banking & Finance Mubadala co-leads $315m fundraising for Chinese firm Singapore-based healthcare investment firm CBC Group and Abu Dhabi sovereign fund Mubadala Investment Company have completed a $315 million fundraising round for Hasten Biopharmaceutic Company. The proceeds will fund future acquisitions and business development of pipeline assets, CBC said in a statement. Mohamed Albadr, head of Mubadala’s China office, said they will build a biopharma platform […] April 20, 2023
Health M42 buys European dialysis group Diaverum Abu Dhabi’s newest tech-enabled healthcare company, M42, has made its first investment with the acquisition of Diaverum, a global renal care service provider. The value of the deal for Bridgepoint Group’s European dialysis clinic chain was not disclosed, although previous reports by Bloomberg suggest it could be in the region of $2.5 billion. M42 launched […] April 19, 2023
Exclusive Markets Presight to use IPO as springboard to global expansion Big data and analytics company Presight is targetting international expansion once they have listed later this month. The firm, part of Abu Dhabi’s G42, plans to raise $495 million from its floating on the ADX. The subscription period for the initial public offering (IPO), which was 136 times oversubscribed, closed on Friday with a total […] March 17, 2023
Analysis Pharma giants move in on UAE as demand stretches local firms AstraZeneca and G42 Healthcare have signed an agreement to locally manufacture pharmaceuticals in Abu Dhabi. The agreement outlines collaboration in four key areas, including localisation of manufacturing, research and development, innovation and sustainability at a global scale. But while the deal aims to cement Abu Dhabi’s position as a hub for research and innovation in […] December 21, 2022
Exclusive Health G42 Healthcare executive hails new era after Amazon tie-up “We want to reach everywhere at scale and at speed.” Many business leaders might say so, but when Dr Fahed Al Marzooqi, chief operating officer of G42 Healthcare, tells AGBI this, he has good reason. G42 Healthcare, a subsidiary of Abu Dhabi-based AI firm G42, recently struck a deal with Amazon’s cloud computing arm – […] November 23, 2022
