Arab Press

بالشعب و للشعب
Monday, Jan 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
The U.S. State Department’s account in Persian: “President Trump is a man of action. If you didn’t know it until now, now you do—do not play games with President Trump.”
CNN’s Ranking of Israel’s Women’s Rights Sparks Debate After Misleading Global Index Comparison
Saudi Arabia’s Shifting Regional Alignment Raises Strategic Concerns in Jerusalem
OPEC+ Holds Oil Output Steady Amid Member Tensions and Market Oversupply
Iranian Protests Intensify as Another Revolutionary Guard Member Is Killed and Khamenei Blames the West
President Trump Says United States Will Administer Venezuela Until a Secure Leadership Transition
Delta Force Identified as Unit Behind U.S. Operation That Captured Venezuela’s President
Saudi-UAE Rift Adds Complexity to Middle East Diplomacy as Trump Signals Firm Leadership
OPEC+ to Keep Oil Output Policy Unchanged Despite Saudi-UAE Tensions Over Yemen
Saudi Arabia and UAE at Odds in Yemen Conflict as Southern Offensive Deepens Gulf Rift
Abu Dhabi ‘Capital of Capital’: How Abu Dhabi Rose as a Sovereign Wealth Power
Diamonds Are Powering a New Quantum Revolution
Trump Threatens Strikes Against Iran if Nuclear Programme Is Restarted
Why Saudi Arabia May Recalibrate Its US Spending Commitments Amid Rising China–America Rivalry
Riyadh Air’s First Boeing 787-9 Dreamliner Completes Initial Test Flight, Advancing Saudi Carrier’s Launch
Saudi Arabia’s 2025: A Pivotal Year of Global Engagement and Domestic Transformation
Saudi Arabia to Introduce Sugar-Content Based Tax on Sweetened Drinks from January 2026
Saudi Hotels Prepare for New Hospitality Roles as Alcohol Curbs Ease
Global Airports Forum Highlights Saudi Arabia’s Emergence as a Leading Aviation Powerhouse
Saudi Arabia Weighs Strategic Choice on Iran Amid Regional Turbulence
Saudi Arabia Condemns Sydney Bondi Beach Shooting and Expresses Solidarity with Australia
Washington Watches Beijing–Riyadh Rapprochement as Strategic Balance Shifts
Saudi Arabia’s Vision 2030 Drives Measurable Lift in Global Reputation and Influence
Alcohol Policies Vary Widely Across Muslim-Majority Countries, With Many Permitting Consumption Under Specific Rules
Saudi Arabia Clarifies No Formal Ban on Photography at Holy Mosques for Hajj 2026
Libya and Saudi Arabia Sign Strategic MoU to Boost Telecommunications Cooperation
Elon Musk’s xAI Announces Landmark 500-Megawatt AI Data Center in Saudi Arabia
Israel Moves to Safeguard Regional Stability as F-35 Sales Debate Intensifies
Cardi B to Make Historic Saudi Arabia Debut at Soundstorm 2025 Festival
U.S. Democratic Lawmakers Raise National Security and Influence Concerns Over Paramount’s Hostile Bid for Warner Bros. Discovery
Hackers Are Hiding Malware in Open-Source Tools and IDE Extensions
Traveling to USA? Homeland Security moving toward requiring foreign travelers to share social media history
Wall Street Analysts Clash With Riyadh Over Saudi Arabia’s Deficit Outlook
Trump and Saudi Crown Prince Cement $1 Trillion-Plus Deals in High-Profile White House Summit
Saudi Arabia Opens Alcohol Sales to Wealthy Non-Muslim Residents Under New Access Rules
U.S.–Saudi Rethink Deepens — Washington Moves Ahead Without Linking Riyadh to Israel Normalisation
Saudi Arabia and Israel Deprioritise Diplomacy: Normalisation No Longer a Middle-East Priority
As Trump Deepens Ties with Saudi Arabia, Push for Israel Normalization Takes a Back Seat
Thai Food Village Debuts at Saudi Feast Food Festival 2025 Under Thai Commerce Minister Suphajee’s Lead
Saudi Arabia Sharpens Its Strategic Vision as Economic Transformation Enters New Phase
Saudi Arabia Projects $44 Billion Budget Shortfall in 2026 as Economy Rebalances
OPEC+ Unveils New Capacity-Based System to Anchor Future Oil Output Levels
Hong Kong Residents Mourn Victims as 1,500 People Relocated After Devastating Tower Fire
Saudi Arabia’s SAMAI Initiative Surpasses One-Million-Citizen Milestone in National AI Upskilling Drive
Saudi Arabia’s Specialty Coffee Market Set to Surge as Demand Soars and New Exhibition Drops in December
Saudi Arabia Moves to Open Two New Alcohol Stores for Foreigners Under Vision 2030 Reform
Saudi Arabia’s AI Ambitions Gain Momentum — but Water, Talent and Infrastructure Pose Major Hurdles
Tensions Surface in Trump-MBS Talks as Saudi Pushes Back on Israel Normalisation
Saudi Arabia Signals Major Maritime Crack-Down on Houthi Routes in Red Sea
Italy and Saudi Arabia Seal Over 20 Strategic Deals at Business Forum in Riyadh
×