First GCC Cancer Drugs to Be Manufactured in 2016 at New UAE Plant

By Bizclik Editor

The GCC region will begin to manufacture its own cancer drugs from 2016 after construction began on a brand new plant in the UAE.

It will be based in the Khalifa Industrial Zone Abu Dhabi (Kizad), with LIFE Pharma set to invest 587 million dirhams ($160 million) over the next five years. LIFE Pharma is a subsudary of VPS Healthcare.

Four production facilities will fill most of the 1.7 million square-foot plot, with vaccines, sterile injections and oral solid dosage also being produced to help with the treatment of other illnesses like hepatitis.

The new site will become a pharmaceutical centre of excellence which will contribute towards the discovery of new cancer treatments and therapies, the company said in a statement. This forms a key part of the UAE’s Ministry of Health’s plans to put Abu Dhabi on the global healthcare map.

Dr Shamsheer Vayalil, managing director, VPS Healthcare, said: "We are very pleased to see our plans for a new research and manufacturing centre progressing. The new plant will be a game changer for the local and regional pharma industry."

The four facilities are due to be completed by the end of 2015 with the site becoming operation in 2016. Of the four, the oncology facility will be the first to be finished. 

Share

Featured Articles

Top 10 largest revenue generating family businesses in MENAT

From the UAE to Turkey, these family firms are the largest by revenue in MENAT and cover everything from energy to entertainment

Top 10 metaverse projects in the UAE, including world firsts

As Accenture predicts the metaverse will fuel a US$1 trilion commerce opportunity by 2025, we round up 10 pioneering metaverse projects in the UAE

PwC’s survey shows Middle East CEOs remain upbeat on growth

CEOs in the Middle East are far more optimistic about regional growth than those in North America and Europe, according to PwC’s annual survey

Opinion: “Why we must tackle the digital skills crisis"

Leadership & Strategy

5 Mins With: Kathryn Kaminsky Vice Chair Trust Solutions PwC

Leadership & Strategy

Survey: The Future of Cloud Security in the Middle East

Technology