Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: One was killed, another injured in a raid by an Israeli drone on the city of Khiam in South Lebanon
London views possibility of setting fire to tanker in port of friendly country to Russia to damage port infrastructure, initiate an international probe: Moscow
One of London's scenarios involves setting up accident with 'undesirable' tanker in one of the bottlenecks of maritime communications: Russian foreign intelligence agency
London plans to organize major sabotage with tankers to declare transportation of Russian oil to international shipping: Russian foreign intelligence agency
UK intelligence agencies plan to use NATO allies to launch massive raid on 'Shadow Fleet': Russian foreign intelligence agency
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.

Iran drug firms produce over 97% of needed medicine, says official

  • By Al Mayadeen English
  • Source: Agencies
  • 3 Jun 2023 19:44
2 Min Read

The pharmaceutical sector in Iran is producing the vast majority of needed medication, saving the country billions of dollars in imports.

  • x
  • Customers wait as a pharmacist prepares medicines, in Tehran, Iran, February 29, 2020 (AP)
    Customers wait as a pharmacist prepares medicines, in Tehran, Iran, February 29, 2020 (AP)

Iran has saved billions of dollars due to its pharmaceutical industry producing the vast majority of needed medicines in the country, a member of the Board of Directors of the Iranian Syndicate of Pharmaceutical Industries said Saturday.

According to Morteza Kheriabadi, Iran has saved more than $20 billion worth of riyals since managing to produce more than 97% of locally-needed medicines.

Pharmaceutical companies, the top official said, managed to produce all the drugs needed by the local population throughout the COVID-19 pandemic, which not only saved millions of dollars but thousands of lives.

Kheirabadi underlined that government officials should support drug firms with all their capabilities in order to boost the achievement of their objectives and help with cutting Iran's dependency on foreign states and imports.

Related News

Colombia's Petro slams US over submarine threat near Russia

UK, NATO plotting sabotage of Russian oil tankers, says SVR

Moreover, Iranian pharmaceutical companies have set up offices in numerous regional states, which Kheriabadi called a source of pride for the country.

The head of the Trade Promotion Organization of Iran said in October 2022 that in the wake of Western corporations leaving Russia's pharmaceutical market, the ground was set for Iranian enterprises to enter the market.

The comments were made by Alireza Payman-Pak, Deputy Minister of Industry, Mine, and Trade, at a conference titled Promotion of Export of Medical, Dentistry, and Pharmaceutical Equipment that took place in Moscow on the sidelines of the Moscow Health Week Exhibition.

Payman-Pak added that medical supplies are one of the commodities for which the government has devised a detailed and strategic plan for export.

Statistics show that the Russian annual imports of medical equipment and medicines total $20 billion, said Payman-Pak, adding, "With the withdrawal of Western companies from Russia due to sanctions imposed on the country, suitable opportunities have been paved for Iranian companies, so Iranian firms should make their utmost efforts in exporting their products to Russia's lucrative market."

  • Russia
  • Tehran
  • pharmaceuticals
  • Iran

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS