Top biopharma sets up base in Dubai
Dubai, May 19, 2014
DuBiotech, a part of Tecom Investments’ science cluster, has welcomed global biopharmaceutical company Alexion, as its new business partner.
Alexion is best known for developing life-transforming therapies for patients with severe and life-threatening rare diseases.
Announcing Alexion as a new business partner at DuBiotech represents a concerted effort to attract the world’s leading organisations to the UAE.
In doing so, the Free Zone is able to facilitate synergies that favour innovation which supports the government’s vision to develop a knowledge-based economy and to grow the number of skilled workers in the area of biotechnology and pharmacology.
The UAE imports around 80 per cent of the medicine, with domestic production representing just 15 per cent of the drugs sold locally.
Therefore by attracting companies such as Alexion to operate at DuBiotech, the freezone is able to facilitate a rebalance for the benefit of UAE residents as locally produced medication can be tailored to the needs of the population and it is often more cost effective.
Samer Saadeh, the GM of Alexion Middle East said: "We are looking forward to establishing a presence in the Middle East. We see an opportunity to help bring our life-transforming therapies to patients suffering from rare and life-threatening diseases and help improve the standard of healthcare in the region."
"We chose to base ourselves at DuBiotech because it provided us with the operational flexibility required to setup our offices according to our business needs. We thank them for their help and assistance in entering this region," he stated.
DuBiotech is home to some of the region’s premier life science and biotechnology companies. It supports both start-ups and international firms looking for a regional base in the Middle East.
With over 150 companies licensed by DuBiotech, it is central to a community that is committed to the industry’s success by bringing together business, regulators and Government in partnership. Alexion’s new facility will be licensed by DuBiotech, the premier destination for innovation and technology in the Middle East.
Marwan Abdulaziz, the executive director of Tecom Investments’ DuBiotech said: “We are proud to welcome a major player like Alexion to our growing list of world-leading companies. DuBiotech is home to some of the region’s premier life science and biotechnology companies due to the freedom to design facilities around each organisation’s specific needs, the support we provide in navigating the legal landscape and unrivalled access to the significant market of the Mena region."
“Innovation, with R&D as its core, is the key determinant of growth in many industries. Specifically in the pharmaceutical sector, integration of latest technologies and investment in R&D translates into improving diagnosis, treatment and therefore improve recovery," he added.-TradeArabia News Service