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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).
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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.

 

 

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Oil Up as Israel, Hezbollah Trade Accusations of Ceasefire Violation

FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
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Oil Up as Israel, Hezbollah Trade Accusations of Ceasefire Violation

FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)

Oil prices ticked up on Thursday after Israel and Lebanon’s Hezbollah traded accusations that their ceasefire had been violated, and as Israeli tanks fired on south Lebanon.

OPEC+ also delayed by a few days a meeting likely to extend production cuts.

Brent crude futures edged up by 30 cents, or 0.4%, to $73.13 a barrel by 1741 GMT. US West Texas Intermediate crude futures were up 23 cents, 0.3%, at $68.93. Trading was thin because of the US Thanksgiving holiday, Reuters reported.
Israel's military said the ceasefire was violated after what it called suspects, some in vehicles, arrived at several areas in the southern zone.
The deal, which took effect on Wednesday, was intended to allow people in both countries to start returning to homes in border areas shattered by 14 months of fighting.
The Middle East is one of the world's major oil-producing regions, and while the ongoing conflict has not so far not impacted supply it has been reflected in a risk premium for traders.
Elsewhere, OPEC+, comprising the Organization of the Petroleum Exporting Countries and allies including Russia, delayed its next policy meeting to Dec. 5 from Dec. 1 to avoid a conflict with another event.
Also supporting prices, OPEC+ sources have said there will again be discussion over another delay to an oil output increase scheduled for January.
"It's highly unlikely they are going to announce an increase production at this meeting," said Rory Johnston, analyst at Commodity Context.
The group pumps about half the world's oil but has maintained production cuts to support prices. It hopes to unwind those cuts, but weak global demand has forced it to delay the start of gradual increases.
A further delay has mostly been factored in to oil prices already, said Suvro Sarkar at DBS Bank. "The only question is whether it's a one-month pushback, or three, or even longer."
Depressing prices slightly, US gasoline stocks rose 3.3 million barrels in the week ending Nov. 22, the US Energy Information Administration said on Wednesday, countering expectations of a small draw in fuel stocks ahead of holiday travel.
Slowing fuel demand growth in top consumers China and the US has weighed on oil prices this year.