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Cancer Medicines Production
Overview
Establishing a plant to produce cancer medicines (tablets and capsules) in the company’s plant in Qassim, over an area of 2,700 square meters at a cost of SAR 245 million, to locally produce 11 cancer medicines. The project includes two production units., the modest manufacturing unit produces 20 million tablets per annum, while the large manufacturing unit produces 80 million tablets per annum.
Qassim plant includes six production lines: antibiotics, oral solids, tablets and capsules, oral Liquids, cream and ointment, sterile pharmaceutical and aseptic.
Project Information
- Health care > Pharmaceuticals Suppliers
- The company signed a memorandum of understanding (MoU) with AstraZeneca UK Limited to locally produce a number of cancer medicines in the company’s plant in Qassim.
- The estimated cost of the plant stood at SAR 245 million, a SAR 45 million increase from the previously expected amount due to the increase in production capacity.
- Civil works were 91% complete, electromechanical works were 95%, and construction works were expected to be completed by the end of Q3 2020.
- In Q3 2020, the company signed a memorandum of understanding (MoU) with Janssen Pharmaceutical Co. to nationalize and transferer the technologies to produce two pharmaceutical products to treat some common cancer tumors and pulmonary hypertension.
- The company offered three new cancer medicines in 2020.
- In Q2 2021, the company signed a final agreement with Switzerland-based Hoffmann-La Roche for the localization and manufacturing technology transfer of its immunosuppressive drug, which is used to prevent the body from rejecting new organs after organ transplantation, particularly, after kidney, heart and liver transplantation.
Owners
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Financing Sources
Project Developments
Here’s a look at top 17 Saudi projects to watch in 2020Argaam Special01/01/2020
SPIMACO signs MoU with Johnson & Johnson subsidiary to transfer, nationalize pharma technologyArgaam20/09/2020
SPIMACO greenlights $53.33 mln cancer treatment projectArgaam04/06/2015
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