Innovation Pharmaceuticals Inc (IPIX)

[Snowy_Owl]

My purpose for posting this was the indication that Saudi Arabia is looking to cement itself as a regional biotechnology center. There are currently 40 pharma companies that will be involved to some degree.

The item caught my eye as I'm sure there was a time when the Saudi's thought the PGA may have possibilities and then there was LIV golf. We saw what happened earlier this year with LIV/PGA.

The Saudi Public Investment Fund (PIF) announced on Sunday "the launch of a commercial-scale contract development and manufacturing organization, Lifera, to help boost the local biopharmaceutical industry."

"The pharmaceutical investment company aims to focus on manufacturing life-saving and essential pharmaceutical products, including insulins, vaccines, plasma therapeutics, monoclonal antibodies, cell and gene therapies, and innovative small molecules, said an official statement."

I don't know that there are direct opportunities for small Amercian biotechs but I suspect there may be a review of some of the FDA's monolithic practices. No, I am not predicting a Lifera/FDA partnership.