Last Updated on October 10, 2024 by The Health Master
New Delhi: Saudi Food and Drugs Authority (SFDA) has invited Indian Drugs & pharmaceutical manufacturers to participate in achieving drug security in the Kingdom of Saudi Arabia.
The request to the IDMA was made by the SFDA with a list of over 300 lifesaving medicines that are currently not available in the Kingdom.
“There are a number of pharmaceutical products that are not present in the Kingdom despite the local market’s requirement for them,” said Daara Patel, Secretary General, IDMA to member companies in a letter.
Apparently, this is the first time IDMA has received a request like this from the Gulf nation.
“Now, we have shared the list of pharma items with our member companies. However, the Saudi FDA has not shared the quantity of these items; or how much they want.
So, I have written to them to let us know the quantity of each product,” Patel said in an interview.
In 2021, Saudi Arabia’s pharmaceutical market was worth USD 7.8 billion, with patented drugs accounting for approximately USD 4.13 billion, generics accounting for USD 2.87 billion, and over-the-counter (OTC) drugs accounting for USD 780 million.
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