Arab News

MoU signed to boost innovation in healthcare

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Saudi Arabia’s Investment Ministry and Janssen Pharmaceut­icals have signed a memorandum of understand­ing to enhance innovation in the Saudi health and life sciences sector.

The ministry and the pharmaceut­ical firm will work together over the next five years to enhance the biotechnol­ogy business ecosystem, advance clinical trials, and enable research and innovation characteri­zed by strong IP legislatio­n, etc.

The MoU includes the launch of an “Innovation Incentive Scheme.”

Saudi Investment Minister Khalid Al-Falih said: “The case for investing in life sciences and healthcare has never been clearer, as we continue to fight the pandemic.

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