Germany is the largest exporter of pharmaceuticals to the 57 countries of the Organisation of Islamic Cooperation (OIC).
The European Union’s biggest economy sold some $5.2 billion worth of pharma to OIC nations in 2019, according to the State of the Global Islamic Economy 2020/21 report from DinarStandard. This constitutes around 13.5% of all pharma exports to the OIC in 2019.
Germany’s prowess in pharma was recently acknowledged by a leading Islamic economy. In October, around 5.6% of Evotec shares were acquired by UAE’s investment company Mubadala for 200 million euros ($241 million). The German drug development company will use the funds for the global scale-up of biologics strategy, data-driven precision medicine processes, and drug discovery platforms.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
