UAE Business: ADQ paper sets out opportunities to redefine regional pharma – Gulf Digital News

UAE Business: ADQ paper sets out opportunities to redefine regional pharma – Gulf Digital News

Drivers for positioning UAE as a leading pharma manufacturing hub include growing the talent pool, creating biotech and life sciences parks, increasing manufacturing capabilities, building a pharma R&D ecosystem and incentives.

Opportunities and investments for the same have been identified in a paper released by ADQ, an Abu Dhabi-based investment and holding company.  

The paper, Redefining Regional Pharma, focuses on how the nation can reach its full potential to increase regional pharmaceutical capacity and create seamless access to affordable medications and innovative treatments.

The paper identifies six cornerstones of success to enable the UAE to capture pharma growth opportunities in the region:

*Drive collaboration among stakeholders: By establishing cooperation between the public and private sectors and academia, public health programs and research can be more robust 

*Establish a robust life sciences R&D ecosystem: The UAE’s knowledge-based economy will be instrumental for accelerating R&D and the production of novel and innovative medicines and vaccines 

*Develop UAE-based biotech and life sciences parks: Building a purpose-built R&D hub for life sciences, biotechnology and vaccine production

*Increase the UAE’s manufacturing capabilities: Progressing the Basic Industries Project with investment into industrial areas that promote self-sufficient production of basic and consumer commodities

*Capture the