Sanofi Official to Asharq Al-Awsat: Manufacturing Insulin Pens in Saudi Arabia

The General Manager of Pharmaceuticals for Saudi Arabia and the Gulf at Sanofi (Asharq Al-Awsat).
The General Manager of Pharmaceuticals for Saudi Arabia and the Gulf at Sanofi (Asharq Al-Awsat).
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Sanofi Official to Asharq Al-Awsat: Manufacturing Insulin Pens in Saudi Arabia

The General Manager of Pharmaceuticals for Saudi Arabia and the Gulf at Sanofi (Asharq Al-Awsat).
The General Manager of Pharmaceuticals for Saudi Arabia and the Gulf at Sanofi (Asharq Al-Awsat).

As part of new agreements announced at the 7th edition of the Global Health Forum, Saudi Arabia signed deals to localize the production of 3 to 4 types of insulin, in collaboration with the Ministries of Investment, Health, and Industry and Mineral Resources, along with NUPCO, which is owned by the Public Investment Fund, Sanofi, and the Local Content and Government Procurement Authority.
Additionally, NUPCO, Novo Nordisk, and Sanofi signed a pharmaceutical manufacturing agreement valued at SAR 4 billion ($1.06 billion).
Dr. Niveen Khoury, General Manager of Pharmaceuticals for Saudi Arabia and the Gulf at Sanofi, told Asharq Al-Awsat that this pivotal agreement with NUPCO was in partnership with Sudair Pharmaceuticals.
She explained that the agreement aims to transfer technology and expertise, localizing insulin production in Saudi Arabia, including the complete manufacturing of insulin pens to the highest quality standards using Saudi expertise. The partnership will focus on localizing the technology for assembling advanced insulin pens, particularly the “SoloStar Delivery Device.” This will make the Sudair Pharmaceuticals plant the first facility in the region to specialize in the production of Sanofi’s latest insulin.
Dr. Khoury noted that diabetes is a major health challenge, underlining the importance to ensure a reliable and continuous supply of high-quality insulin.

 

 



Watchdog FATF Places Lebanon on Financial Crime Watchlist

People inspect the damage at the site of an overnight Israeli airstrike that targeted Beirut's southern suburbs on October 25, 2024, amid the ongoing war between Israel and Hezbollah. (Photo by AFP)
People inspect the damage at the site of an overnight Israeli airstrike that targeted Beirut's southern suburbs on October 25, 2024, amid the ongoing war between Israel and Hezbollah. (Photo by AFP)
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Watchdog FATF Places Lebanon on Financial Crime Watchlist

People inspect the damage at the site of an overnight Israeli airstrike that targeted Beirut's southern suburbs on October 25, 2024, amid the ongoing war between Israel and Hezbollah. (Photo by AFP)
People inspect the damage at the site of an overnight Israeli airstrike that targeted Beirut's southern suburbs on October 25, 2024, amid the ongoing war between Israel and Hezbollah. (Photo by AFP)

Lebanon has been placed on the so-called "grey list" of countries under special scrutiny by financial crime watchdog FATF, FATF said on Friday.

"Of course we recognize the extreme, grave situation that Lebanon is currently facing," Elisa de Anda Madrazo, the watchdog's president, told journalist.

"Lebanon's status on the grey list should not impede relief efforts ... We are working to make sure that channels of humanitarian aid remain open," she added.

Lebanon has been in a financial crisis since 2019 that has been left to fester by the country's leaders and now faces growing damage from Israeli airstrikes and ground operations against Hezbollah.

Madrazo said Lebanon had been accorded some flexibility regarding deadlines set in its action plan, but did not provide details at the news conference.

A source told Reuters earlier on Friday that the war had led the FATF to give Lebanon until 2026 instead of 2025 to address the issues that led to its grey-listing, including concerns over terrorism financing and a lack of judicial independence.

The grey-listing is likely to further deter investment in Lebanon and could affect the relationship between some Lebanese banks and the global financial system.