By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
  • World
  • Business
  • Technology
  • Sports
  • Lifestyle
Search
Countries
More Topics
  • Health
  • Entertainment
Site Links
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Novo Nordisk Saudi Arabia to Supply Over 50% of Saudi Arabia’s Insulin Needs
Share
Notification Show More
Latest News
EU and Ukraine agree plan to push membership bid despite Hungary veto
World
UAE weather update: Low pressure system brings heavy rain, lightning and thunderstorms
Gulf
Billionaires to Pass $7 Trillion to Heirs by 2040
Business
Netflix growing up, data center jet engines, and the circular AI economy
Technology
Salah sets up goal on return to Liverpool action
Sports
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
Search
  • Home
  • Gulf
  • Business
  • More News
    • World
    • Technology
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Novo Nordisk Saudi Arabia to Supply Over 50% of Saudi Arabia’s Insulin Needs
Business

Novo Nordisk Saudi Arabia to Supply Over 50% of Saudi Arabia’s Insulin Needs

News Room
Last updated: 2024/10/21 at 6:04 PM
News Room
Share
3 Min Read
SHARE

Lifera has recently announced an exciting partnership with Novo Nordisk, the leading producer of insulin worldwide. Through Lifera’s subsidiary, SaudiBio, the two companies have agreed to localize insulin production in Saudi Arabia. This move is set to foster technology transfer and cultivate a skilled local biopharmaceutical workforce with aseptic production capabilities. By 2027, Saudi Arabia is poised to become the first producer of a biologic innovator insulin in the Gulf Cooperation Council (GCC) region. These efforts towards insulin manufacturing localization will not only enhance the country’s economy by growing the biopharmaceutical sector but also contribute to Saudi’s Vision 2030.

Lifera’s Mission is focused on improving Saudi Arabia’s biopharma resilience and enabling the National Biotechnology Strategy, both of which are furthered through the localization of insulin, an essential medicine, and the development of state-of-the-art biomanufacturing capacity. This significant achievement in local biopharmaceutical manufacturing has facilitated top-tier global knowledge transfer and will help train the next generation of Saudi workforce skilled in highly technical aseptic manufacturing. It is expected to create over 200 high-skilled jobs in Saudi Arabia by 2027/28, contributing to the growth of the local economy and providing valuable employment opportunities.

The partnership between Lifera and Novo Nordisk not only enhances access to affordable medications but also strengthens the nation’s healthcare supply chain. With Novo Nordisk Saudi Arabia bringing innovation closer to patients living with diabetes in the Kingdom of Saudi Arabia, the announcement of Insulin Local Manufacturing is a step towards ensuring sustainable access to innovative medication. Collaborating with NUPCO, the Local Content and General Procurement Agency (LCGPA), and other key stakeholders is crucial in improving the quality of life for people living with diabetes in the region.

Dr. Ibrahim Aljuffali, Chairman of the Lifera Board of Directors, expressed his pride in counting Novo Nordisk as a customer and the trust placed in Lifera to meet and exceed their rigorous standards. Through this partnership, Lifera is taking a significant step towards achieving its mission of localizing the manufacturing of essential medicines in Saudi Arabia and enabling the National Biotechnology Strategy by deploying state-of-the-art biomanufacturing capacity. This collaboration marks a milestone in the local biopharmaceutical industry and showcases Saudi Arabia’s commitment to advancing healthcare and technology within the region.

Overall, the agreement between Lifera and Novo Nordisk signifies a strategic move towards advancing the biopharmaceutical sector in Saudi Arabia and achieving self-sufficiency in insulin production. By localizing insulin manufacturing, the country is not only creating opportunities for economic growth and technological advancement but also improving access to essential medications for those in need. This partnership underscores the importance of collaboration and innovation in driving positive change within the healthcare industry, ultimately benefiting the people of Saudi Arabia and beyond.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room October 21, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article USD/JPY Price Forecast: Reaches 12-Week High Near 150.50
Next Article Riyadh Season 2024 draws in 2 million visitors in just one week
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

EU and Ukraine agree plan to push membership bid despite Hungary veto
World December 14, 2025
UAE weather update: Low pressure system brings heavy rain, lightning and thunderstorms
Gulf December 14, 2025
Billionaires to Pass $7 Trillion to Heirs by 2040
Business December 14, 2025
Netflix growing up, data center jet engines, and the circular AI economy
Technology December 14, 2025

You Might also Like

Business

Billionaires to Pass $7 Trillion to Heirs by 2040

December 14, 2025
Business

Saudi Arabia partners with Archer Aviation to launch air taxis

December 14, 2025
Business

India, Liberia sign MoU to boost cooperation on medicine quality standards

December 14, 2025
Business

From billionaire to court battles: Rise and fall of NMC founder B.R. Shetty

December 14, 2025
Business

AI adoption improving public service delivery and governance in India: Report

December 14, 2025
Business

GST reforms may reduce retail inflation by 35 basis points in 2025-26: SBI report

December 13, 2025
Business

Gold climbs to a seven-week high on weaker dollar

December 13, 2025
Business

India’s forex reserves rise by $1.03 billion to $687.26 billion

December 13, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?