The Iraqi Ministry of Health mentioned on Sunday that the agreement with Sanofi, a French pharmaceutical and healthcare company, represents an essential step toward strengthening Iraq\u2019s pharmaceutical industry.<\/p>\n\n\n\n
During his participation in a scientific workshop on biosimilar medicines and intellectual property, Deputy Health Minister Hani al-Oqabi explained that the agreement reached with Sanofi is not limited to the pharmaceutical industry but includes other important areas, according to the state-run news agency (INA).<\/p>\n\n\n\n
Iraqi Prime Minister Mohammed Shia al-Sudani has lately been focusing on developing collaboration with international enterprises and seeking investments to build industries in Iraq, according to al-Oqabi.<\/p>\n\n\n\n
The prime minister\u2019s advisor on industry and private sector development, Hammoudi al-Lami, revealed earlier that AstraZeneca, a British-Swedish multinational pharmaceutical and biotechnology company based in Cambridge, is thinking of building a pharmaceutical facility in Iraq.<\/p>\n\n\n\n
In a statement to the Iraqi News Agency (INA), al-Lami explained that Arab and foreign companies are eager to set up businesses in the Iraqi market.<\/p>\n\n\n\n
The Iraqi official indicated that the US multinational healthcare company Baxter, as well as businesses in the Gulf States, had also expressed a desire to become part of the Iraqi market.<\/p>\n\n\n\n
The Iraqi Ministry of Health revealed in late April that it signed an agreement with European companies to establish an insulin production plant in the northern Iraqi province of Nineveh.<\/p>\n\n\n\n
According to INA, the agreement was signed with a Polish firm, one of the top four producers of insulin worldwide, and a German corporation.<\/p>\n\n\n\n
The idea to produce insulin in Iraq that meets all European requirements was sparked by the Iraqi government\u2019s support for pharmaceutical and health industry initiatives. <\/p>\n\n\n\n
The steps align with the objectives outlined in the Iraqi government\u2019s agenda, which emphasizes the development of the country\u2019s health sector.<\/p>\n\n\n\n