![Big Pharma Sets Sights on Middle East](https://cdn.magzter.com/1444374281/1696395526/articles/XR5YlxDey1696407393139/BIG-PHARMA-SETS-SIGHTS-ON-MIDDLE-EAST.jpg)
The Middle East is rapidly emerging as a key player in the global life sciences and pharmaceutical industry. With ambitious initiatives, strategic partnerships, and substantial investments, the region is poised to make significant contributions to healthcare innovation.
Over the last decade, the UAE’s pharmaceutical industry has seen a significant transformation, with manufacturing facilities growing from four in 2010 to 23 in 2021. This expansion reflects a strong commitment to boosting regional pharmaceutical capacity, providing affordable, high-quality medicines, and fostering innovation. The local market’s value has surged from $1.5 billion in 2011 to an estimated $3.7 billion in 2021, projected to reach $4.7 billion by 2025. The UAE now produces over 2,500 different medications, serving both domestic and global markets. In 2020, pharmaceutical exports reached $251 million to 48 countries, with an expected increase to $297 million by 2025. While imports remain significant at $2.6 billion in 2020, the sector offers substantial investment opportunities for sustainable growth, according to reports from ADQ.
Diese Geschichte stammt aus der BioSpectrum Asia Oct 2023-Ausgabe von BioSpectrum Asia.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der BioSpectrum Asia Oct 2023-Ausgabe von BioSpectrum Asia.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
![Australia invests $1.89B for health and medical research transformation](https://reseuro.magzter.com/100x125/articles/11639/1715375/qrvRAh3Oa1716986540755/AUSTRALIA-INVESTS-189B-FOR-HEALTH-AND-MEDICAL-RESEARCH-TRANSFORMATION.jpg)
Australia invests $1.89B for health and medical research transformation
The government is investing in a once in a generation transformation of health and medical research in Australia.
![NZ suggests new way to prevent rheumatic heart disease progression](https://reseuro.magzter.com/100x125/articles/11639/1715375/5SrlsYiVM1716986443908/NZ-SUGGESTS-NEW-WAY-TO-PREVENT-RHEUMATIC-HEART-DISEASE-PROGRESSION.jpg)
NZ suggests new way to prevent rheumatic heart disease progression
A new way of delivering treatment to prevent rheumatic heart disease progression is significantly less painful than an almost 70-year-old existing treatment, a University of Otago-led study in New Zealand (NZ) has found.
![WHO prequalifies Takeda's dengue vaccine](https://reseuro.magzter.com/100x125/articles/11639/1715375/AmoXG7cCG1716986095712/WHO-PREQUALIFIES-TAKEDAS-DENGUE-VACCINE.jpg)
WHO prequalifies Takeda's dengue vaccine
A new vaccine for dengue has received prequalification from the World Health Organization (WHO).
![GIBF invests $10M in Israel's Nectin Therapeutics to advance ADCs](https://reseuro.magzter.com/100x125/articles/11639/1715375/orE_kW9551716985957994/GIBF-INVESTS-10M-IN-ISRAELS-NECTIN-THERAPEUTICS-TO-ADVANCE-ADCS.jpg)
GIBF invests $10M in Israel's Nectin Therapeutics to advance ADCs
Guangzhou-Israel Biotechnology Fund (GIBF) has invested $10 million in Nectin Therapeutics.
![HOYA Group to distribute AIassisted lesion detection device in US](https://reseuro.magzter.com/100x125/articles/11639/1715375/dgkFOAETp1716985885442/HOYA-GROUP-TO-DISTRIBUTE-AIASSISTED-LESION-DETECTION-DEVICE-IN-US.jpg)
HOYA Group to distribute AIassisted lesion detection device in US
Japan-based HOYA Group Company, PENTAX of America, Inc. (PENTAX Medical, a division of HOYA Group) and MAGENTIQ-EYE, an artificial intelligence (AI)-based medical device company, have announced their intention to form a partnership in the field of AI in gastroenterology and to examine further collaboration and strategic partnerships.
![Saudi Arabia pledges $500M to protect children from polio](https://reseuro.magzter.com/100x125/articles/11639/1715375/pofJAu6991716985823163/SAUDI-ARABIA-PLEDGES-500M-TO-PROTECT-CHILDREN-FROM-POLIO.jpg)
Saudi Arabia pledges $500M to protect children from polio
At the first-ever World Economic Forum (WEF) Special Meeting hosted in Riyadh recently, the Kingdom of Saudi Arabia has pledged $500 million over the next five years to support the work of the Global Polio Eradication Initiative (GPEI).
![Scientists explore use of COVID-19 variant vaccine against other coronaviruses](https://reseuro.magzter.com/100x125/articles/11639/1715375/ZOWoevNXv1716985524639/SCIENTISTS-EXPLORE-USE-OF-COVID19-VARIANT-VACCINE-AGAINST-OTHER-CORONAVIRUSES.jpg)
Scientists explore use of COVID-19 variant vaccine against other coronaviruses
An international consortium of researchers developing a vaccine against troublesome COVID-19 variants will receive additional CEPI funding to investigate whether it could also protect against other deadly coronaviruses.
![How Thai Biotech is Thriving with Innovations](https://reseuro.magzter.com/100x125/articles/11639/1715375/T546PMbxY1716985405176/HOW-THAI-BIOTECH-IS-THRIVING-WITH-INNOVATIONS.jpg)
How Thai Biotech is Thriving with Innovations
Thailand's biotech industry is rapidly evolving, positioning itself as a key player in the ASEAN regions and the global biotechnology landscape. With a strategic focus on research and development, supportive government policies and a burgeoning ecosystem of startups and research institutions, Thailand is emerging as a hotspot for biotech innovation in Southeast Asia.
![Why multi-use real estate is in demand for life sciences companies](https://reseuro.magzter.com/100x125/articles/11639/1715375/qdF2vLJrd1716985245642/WHY-MULTIUSE-REAL-ESTATE-IS-IN-DEMAND-FOR-LIFE-SCIENCES-COMPANIES.jpg)
Why multi-use real estate is in demand for life sciences companies
India's Biocon, Enzene Biosciences, and Meteoric Biopharmacueticals, Japan's Daiichi Sankyo, and Singapore's Hummingbird Bioscience, have all recently sought to lease, acquire, and set up shop in a mixed-use space in the US. And for those companies who wish to enter or expand in the US market, New Jersey is a top choice due to its existing infrastructure, cultural connections, robust talent and location.
!["The dialogue surrounding pharmaceutical gowning is experiencing significant transformation in 2024 & beyond"](https://reseuro.magzter.com/100x125/articles/11639/1715375/4srGs8m_z1716984891829/THE-DIALOGUE-SURROUNDING-PHARMACEUTICAL-GOWNING-IS-EXPERIENCING-SIGNIFICANT-TRANSFORMATION-IN-2024-BEYOND.jpg)
"The dialogue surrounding pharmaceutical gowning is experiencing significant transformation in 2024 & beyond"
Finland-based Lindström, a leading global provider of workwear, cleanroom workwear, and mat services, is making significant strides in its expansion efforts, particularly in key markets such as India, China, Vietnam, and Turkey.