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Saudi Chemical Company Holding and Sanofi Announce Signing an MOU to Explore Possibility Manufacturing of Clexane Syringes in Saudi Arabia

CHEMICAL 2230 0.00% 7.38 0.00
Element List Explanation
Introduction Jeddah, Saudi Arabia – December 4th, 2021 - Saudi Chemical Company Holding (SCCH), through its pharmaceutical sector represented by AJA Pharmaceutical Industries Ltd. (AJA Pharma), and Sanofi signed a Memorandum of Understanding (MOU) to explore the possibility of manufacturing Sanofi’s Clexane prefilled syringes in the Kingdom of Saudi Arabia.
Memorandum Signing Date 2021-12-04 Corresponding to 1443-04-29
Counterparty Sanofi
Memorandum Subject explore the possibility of manufacturing Sanofi’s Clexane prefilled syringes in the Kingdom of Saudi Arabia.

Clexane is considered as therapeutic solution that prevents and treats thrombosis that may also affects a significant percentage of Covid-19 patients with severe symptoms.

Through this MOU, (AJA Pharma), a subsidiary of Saudi Chemical Company Holding, would provide manufacturing facilities and systems that function efficiently, safely, and reliably to produce Clexane prefilled syringes and expand its services in the Saudi market. (SCCH) is keen to invest in vital sectors and value-added projects to serve and meet the community needs, contribute to local industries diversification, increase local content and drive economic development towards achieving the Kingdom of Saudi Arabia’s Vision 2030 goals.

Memorandum Duration 18 months
Related Parties There are no related parties
Financial Impact The financial impact of this announcement cannot be determined

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