LCGPA Signs 7 Agreements to Localize Several Medical Products

The Local Content and Government Procurement Authority (LCGPA) has signed seven agreements to localize industry and transfer knowledge, including four agreements with Tabuk Pharmaceuticals and three with the Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO). The agreements targeted a number of pharmaceutical products such as direct inhibitor of thrombin, antibiotics, treatment of muscle contraction, anticoagulants, and immunosuppressants, among others. The agreements were signed under the auspices of Minister of Industry and Mineral Resources and LCGPA Chairman of the Board of Directors Bandar bin Ibrahim Al-Khorayef.
The authority explained that it would provide certai…