{"id":82764,"date":"2024-01-28T00:00:00","date_gmt":"2024-01-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/28\/jumping-on-biotech\/"},"modified":"2024-01-28T00:00:00","modified_gmt":"2024-01-28T00:00:00","slug":"jumping-on-biotech","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/28\/jumping-on-biotech\/","title":{"rendered":"Jumping on biotech"},"content":{"rendered":"

The National Biotechnology Strategy is now live: <\/strong>Crown Prince Mohammed bin Salman launched the National Biotechnology Strategy<\/a> under a bid to position the Kingdom as a regional and global biotech player, SPA<\/a> reported on Thursday. The strategy is set to contribute SAR 130 bn to non-oil GDP by 2040.<\/p>\n

What we know: <\/strong>The strategy will focus on four pillars: Vaccine, bio-manufacturing and localization, genomics and plant optimization. The strategy outlines a plan to set up an advanced local bio-manufacturing platform to enhance self-sufficiency in producing biologics and biosimilars and build up a national genomic database and analytics platform to improve preventive healthcare.<\/p>\n

Of localization: <\/strong>Sudair Pharma<\/a> and Sanofi<\/a> have established a partnership in October 2023<\/a> to establish a factory in the Kingdom to produce and package Insulin. The seven-year agreement will see the global pharma player transfer the required know-how to Sudair pharma in order to localize the industry. Currently local production covers 20% of the domestic market needs of insulin, Argaam<\/a> reports.<\/p>\n

\n

IN OTHER HEALTHCARE NEWS-<\/p>\n

Sulaiman Al Habib became the third richest non-royal <\/strong>in the Middle East with his net worth closing in on USD 12 bn last Thursday<\/strong>, Bloomberg<\/a> reports. Al Habib owns Sulaiman Al Habib Medical Group, which saw its shares on the Tadawul<\/a> soar 30% at Thursday\u2019s close, according to Bloomberg\u2019s b\u2019naires index.<\/p>\n","protected":false},"excerpt":{"rendered":"

The strategy expects to net SAR 130 bn for non-oil GDP by 2040<\/p>\n","protected":false},"author":1,"featured_media":82765,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2646],"tags":[10,13,597,658,659],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-healthcare","tag-enterpriseam-ksa","tag-healthcare","tag-mohammed-bin-salman","tag-national-biotechnology-strategy","tag-science","wpautop","entry"],"acf":{"mongo_id":"9f581b67-7ac3-43e0-9315-ba92eda7d79b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2282.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi Arabia kicks off National Biotechnology Strategy","related_issue":[82754],"teaser":"The strategy expects to net SAR 130 bn for non-oil GDP by 2040","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.001e4e87-b678-4cfd-b231-3b73c324203f.mp3"},"yoast_head":"\nJumping on biotech - 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