
Moderna and Tabuk Pharmaceuticals partnered to commercialize COVID-19 Vaccine in Saudi Arabia
On Jun. 11, 2021, Moderna and and Tabuk Pharmaceutical Manufacturing Company (a fully owned subsidiary of Astra Industrial Group), a leading Saudi pharmaceuticals company, announced an agreement to commercialize the Moderna COVID-19 Vaccine and future variant-specific booster candidates in Saudi Arabia.
Under the terms of this agreement, Tabuk Pharmaceuticals will hold the marketing authorization for the Moderna COVID-19 vaccine in Saudi Arabia. Beyond the Moderna COVID-19 Vaccine and Moderna’s updated variant booster candidates, the agreement also gives Tabuk the possibility to discuss opportunities to distribute other Moderna mRNA products if authorized in the future.
Established in Saudi Arabia in 1994, Tabuk Pharmaceuticals is a leading regional pharmaceutical in the Middle East and North Africa (MENA). Tabuk Pharmaceuticals develops, manufactures, markets and distributes oral and injectable pharmaceutical products. The company also contract manufactures high-quality pharmaceutical products for third party multinational pharmaceutical companies and has several established alliances that have helped launch some innovative medications in the region. Tabuk Pharmaceuticals is a major player in the industry in the Kingdom of Saudi Arabia and the MENA region focusing and currently expanding into specialty therapy areas and technologies. With more than 2,400 employees and four state-of-the-art plants in Saudi Arabia and the region, serving patients with unmet needs across 17 countries in MENA.
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Source: NASDAQ
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