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Thursday, 27 October 2016

DBK Pharma invests EGP 200 mn into veterinary vaccines

DBK Pharma is investing EGP 200 mn to establish a veterinary vaccine production line at its factory in Obour, company sources told Al Mal. DBK will finance the production line through export revenues, the source added. Egypt imports 80% of its veterinary vaccines, but the project aims to provide 40% of the demand, the source said. The company is presenting a fair-value report to the EFSA by the end of the week, and will decide on what percentage to IPO at its next board meeting.

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