Iran Making $3m Investment in Production of Haemophilia Drug

A knowledge-based project to produce the drugs required by haemophilic patients is underway thanks to the 3-million-dollar funds provided by Astan Quds Razavi.

Hassan Alamolhodaei, the head of Khorasan Province’s Science and Technology Park, announced that Astan Quds Razavi – a non-governmental institute that manages the Holy Shrine of Imam Reza [eighth Shiite Imam] in Mashhad, northeastern Iran – has financed a knowledge-based project to produce homogeneous drugs for patients suffering from Factor VIII deficiency.

“Astan Qods Razavi invested $3m in one of the largest Iranian drug manufactory plants which will produce recombinant factor VIII and is to come into operation soon,” he said.

“The knowledge-based firms of this complex have taken important steps in turning knowledge to product, producing wealth and meeting the technological needs of national and provincial executive organs in different industries.”

He went on to say that the technological plans of these firms have been implemented in cooperation with Iranian refineries, ministries and organizations, as well as public and private institutions, according to a Farsi report by Khorasan newspaper.

Mohammad Sadeq Qazizadeh, the chief of Iran’s Power Research Centre, also noted that the knowledge-based firms of this park have the potential to turn the Park into an economical hub in Iran if they put their abilities together.

Factor VIII is one of the proteins involved in blood coagulation. It is a protein which helps blood coagulation in consecutive reactions.

Lack of the factor causes Haemophilia A.

While there are over 100 recombinant drugs in the world, Factor VIII is one of the most complicated ones.

Iran would be able to save at least $60m if it could mass-produce the drug.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

UN warns of humanitarian crisis in northern Gaza

Stephane Dujarric, the spokesperson for United Nations Secretary-General Antonio Guterres, has cautioned that Israeli authorities…

2 mins ago

Iran FM urges EU to ‘make up for mistakes’, reverse airline sanctions

Iranian Foreign Minister Seyed Abbas Araghchi has called on the European Union to go back…

7 mins ago

UNRWA ban ‘will not make Israel safer’: WHO chief

The chief of the World Health Organization, Tedros Adhanom Ghebreyesus, has denounced Israel’s decision to…

54 mins ago

IRGC: 10 terrorists eliminated, arrested in southeastern Iran

Iran’s Islamic Revolution Guard Corps (IRGC) announced on Tuesday it has killed four terrorists and…

2 hours ago

Russian rocket launches Iranian satellites into orbit

A Russian rocket carrying a payload of satellites into orbit – including two from Iran…

2 hours ago

Iran FM: Tehran reserves right to respond to territorial integrity breaches

Iran's foreign minister says the Islamic Republic reserves the right to respond to any violation…

3 hours ago