Arab Press

بالشعب و للشعب
Friday, Jun 05, 2026

Pharmaceutical, biotechnology projects worth $120m inaugurated

Pharmaceutical, biotechnology projects worth $120m inaugurated

National projects worth 5 trillion rials (nearly $120 million at the official rate of 42,000 rials) were inaugurated nationwide in the field of pharmaceutical sciences, vaccines, and biotechnology on Thursday.
Projects in the fields of science, technology, and agriculture were launched in the provinces of Tehran, Alborz, and Markazi, which opened up 336 jobs.

“The opening of projects today is somewhat different in form, content, and importance. In fact, today's openings mean the promotion of the country in science and technology, and this is very important for us,” President Hassan Rouhani said while inaugurating the projects through a video conference.

At present, plasma-derived medicinal products meet 30 percent of the country’s total need, but it will reach 100 percent within the next year, Sourena Sattari, vice president for the science and technology said for his part during the ceremony.

Referring to the launch of 82 medicinal products during the ceremony, he said that these plans will save a considerable currency, as the import of one of these medicines cost $27 million.

He went on to highlight that the import of pharmaceutical products needed for the production brought us a cost of $900 million, of which, $520 million is allocated to chemical drugs and $380 million is related to biomedicine, which today are produced.

The first production plan for plasma-based products, which was put into operation today, has the capacity to produce 150 million liters of blood products per year, and if supported, this amount will increase, he noted.

The plan saves €60 million annually for the country; currently, 160 people are directly employed, 70 percent of whom are young professionals, he emphasized.

The production of the “HPV” vaccine, or human papillomavirus, as one of the most effective vaccines in the prevention of uterine cancer in women, was another project inaugurated during the ceremony.

Sattari also told the Tehran Times in an exclusive interview that Iran is playing the leading role in the region in the fields of fintech, ICT, stem cell, aerospace, and is unrivaled in artificial intelligence.

Fortunately, last year, companies achieved a record sale of 1.2 quadrillion rials (nearly $28.5 billion), which is expected to increase by 40 percent this year.

To date, 42 knowledge-based companies with a total value of 2.8 quadrillion rials (nearly $66.6 billion) have been listed on the stock exchange and they will soon turn into the biggest businesses in the county," he said.

Sattari said that U.S. sanctions caused exports of knowledge-based companies to decline three years ago, however, it has returned to growth and is projected to reach the pre-sanctions level of more than $1 billion by the end of the current [Iranian calendar] year (March 20, 2021).

Mehdi Kashmiri, director for technology and planning at the science ministry, said in July that about 450 knowledge-based companies were active in the country for manufacturing protective equipment and treatment products to fight the coronavirus.

Production of more than one million face masks per day, production of more than 1.5 liters of disinfectants per day, diagnostic kits, non-contact thermometers, protective clothing, ventilator are among the produces manufactured by these companies, he added.

Iranian-made innovative products in the field of diagnosis, screening, and fighting coronavirus were also unveiled to combat the disease, namely, ozone generator, nanotechnology face shields, disinfection gate, and molecular COVID-19 diagnostic kits.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance
United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review
European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports
United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount
World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts
United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz
Iranian Air Defenses Intercept and Destroy United States Military Drone Over Bushehr Province
Iranian Armed Forces Launch Ballistic Missiles Toward Unspecified Targets Prompting Regional Condemnation
United Nations Secretary-General Warns Global Order Facing Highest Level of Conflict Since 1945
Israel Issues Sweeping Evacuation Orders in Southern Lebanon Amid Intensified Hezbollah Conflict
Russia Announces Systemic Military Strikes Targeting Ukrainian Defense and Energy Infrastructure
United States and Iranian Negotiators Reach Draft Agreement to Extend Ceasefire and Resume Nuclear Talks
United Nations Security Council Deeply Divided Over United States Capture of Venezuelan President
US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire
World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo
Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies
Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected
Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round
Washington Imposes Crippling Sanctions on Iranian Maritime Authority
Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact
Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets
Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX
U.S. Director of National Intelligence Resigns Amid Administration Shakeup
Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand
Canada and Germany Finalize Historic Long-Term LNG Export Agreement
China Expands International Travel Restrictions on Domestic AI Researchers
Japan Approves Sweeping Overhaul of National Intelligence Apparatus
Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured
Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure
Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease
Generative AI Outperforms Human Baselines in Landmark Global Creativity Study
NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture
South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy
×