SAUDI ARABIA - Health & Education
Vice President & General Manager, GlaxoSmithKline
Masood Jaffery has an MBA and is a pharmacist by profession. He has over 30 years of experience in the pharmaceutical industry, working in various capacities in different countries including Pakistan, the UK, the UAE, and Saudi Arabia. He has been in Saudi Arabia for the last three years heading GSK operations and also acting as the Managing Director of Glaxo Saudi Arabia Ltd. (GSAL), which is a Joint Venture between GSK and Banaja Holdings. GSAL is the first manufacturing unit to be established by a global pharmaceutical company in Saudi Arabia. Prior to this, he was based in Dubai for eight years, where he was Vice-President, Commercial for Middle East and Africa.
The Saudi Arabian market is very important and is considered to be the largest in the Middle East/Africa for pharmaceuticals. The country places high priority towards health sector development. The Saudi Arabian government is supporting the development of the healthcare sector, by placing the right infrastructure and developing the right policies for the health of the population. GSK is aligned with this vision, as we are the first global company to set up a joint venture to locally manufacture pharmaceuticals. Glaxo Saudi Arabia Ltd. manufactures most of the pharmaceuticals that we market in Saudi Arabia. We are not only bringing new technology to the country but are also training and developing local talent on the manufacturing front.
One of our key contributions to people’s health is to develop and deliver innovative new medicines and vaccines, which improve the prevention and treatment of disease and medical conditions. Registration timelines have been a challenge in Saudi Arabia as it may take up to two years before registration is granted to new chemical entities, which normally delays the access to innovative medicines to Saudi patients. However, we understand that SFDA is actively reviewing their registration processes to shorten the registration timelines especially for those products that have already been reviewed by authorities in the US and Europe. This will help in early access of innovative medicines to Saudi patients. Another challenge, which is crucial to our business, is the scarcity of Saudi national pharmacists and the difficulties in attracting those talents to work with pharmaceutical companies. However, GSK is at the forefront of attracting local pharmacists toward career opportunities offered by the industry.
GSK has a huge portfolio, which varies from country to country. Most of the products we market come from our R&D pipeline. GSK is considered to be the number one supplier of respiratory medicines worldwide; we provide treatment options for most common respiratory illnesses such as asthma and COPD. GSK is also one of the largest companies for vaccines involved in research and development and manufacture. We supply most vaccines required for the vaccination program in Saudi Arabia. GSK also manufacture primary care medicines, such as antibiotics, anti-allergy, and anti-ulcerants, and so on. We also have a specialized portfolio to treat AIDS (HIV), hepatitis, depression, and epilepsy.
In the next couple of years we will be bringing innovative medicines in the field of asthma, COPD, HIVurology, and diabetes to the patients in Saudi Arabia. We want to ensure that our local manufacturing (Glaxo Saudi Arabia Ltd.) site is reinforced to manufacture most of our products locally, rather than depend solely on imports. We have also entered into a strategic alliance with a local company in Saudi Arabia to manufacture vaccines. These initiatives will help to transfer the latest manufacturing technology to Saudi Arabia, develop local talent and smooth supply of medicines and vaccines to the people and the government of the Kingdom.
The pharmaceutical industry in Saudi Arabia will continue to grow at a reasonable rate. Nonetheless, due to GCC price unification and reference pricing there may be reduction of prices of some products. The high population growth rate of the country and government commitment to the healthcare sector will result in high demand for better healthcare facilities and innovative medicines. Moreover, as the population ages there will be more demand for medicines for treating chronic disorders such as cardiovascular diseases, diabetes, and COPD.
SAUDI ARABIA - Economy
Chairman of the Board & KSA Country Senior Leader, PwC Middle East
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