Saudi Arabia Moves Into Pharmaceuticals

According to Yazeed A. Al-Humied, deputy governor and head of MENA Investments at the Public Investment Fund (PIF), Saudi Arabia is moving into the pharmaceuticals industry.

Saudi Arabia’s sovereign wealth fund on Sunday launched a commercial-scale contract development and manufacturing organization, Lifera, to help boost the local biopharmaceutical industry.

The pharmaceutical investment company aims to focus on manufacturing life-saving and essential pharmaceutical products, includi...

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