Riyadh - Sharikat Mubasher: Lifera, the biopharmaceutical company owned by the Public Investment Fund (PIF), opened its head office in King Abdullah Financial District (KAFD), a recent tweet by Saudi Projects revealed.

The sovereign fund launched The Pharmaceutical Investment Company (Lifera) to establish partnerships with leading local and international companies and attract investments to boost local capacity and drive domestic manufacturing in the sector.   

Lifera aims to ensure national biopharma supply-chain resilience and to develop the biopharma sector in Saudi Arabia.

It targets developing, manufacturing, and commercializing essential and complex medicines through advanced biologics manufacturing capacity, and multiomics reference lab capacity at scale, in addition to investments and long-term partnerships with innovative and established global leaders.