Economy, Domestic Economy

Iran Eyes Export in MENA’s Pharma Market

Iran Eyes Export in MENA’s Pharma Market
Iran Eyes Export in MENA’s Pharma Market

Iran’s Health Minister Seyyed Hassan Qazizadeh Hashemi has underscored the country’s huge progress in producing drugs and medical equipment, and its preparedness to export medicine to the Middle East’s lucrative market.

“At present, almost 95% of the medicine needed for the Iranian patients as well as 50% of the raw materials are produced in the country and we import the rest. In the meantime, we have a big market (near Iran) to export medicine but we haven’t used this capacity correctly,” he said in a meeting with his Swedish counterpart Gabriel Wikstrom in Tehran on Sunday, the Jordan-based news website Al Bawaba reported. 

Stressing the necessity of promoting cooperation between Iranian and Swedish pharmaceutical companies, he said, “The Middle East region has a 400-millon-strong population, and production and export of drugs in this region has created a good market for the mutual cooperation of Swedish and Iranian firms.”

Iran has in recent years made great achievements in the production of drugs and medical equipment.

Iranian First Vice President Es’haq Jahangiri in a ceremony in Tehran in May opened the production line of homemade recombinant medications.

During the ceremony, Jahangiri also inaugurated the production line of peptide drugs.

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