Saudi Arabia’s Sovereign Wealth Fund Orients Pharma Unit to Find Partners
Posted on 06/19/2023
Saudi Arabia’s Public Investment Fund (PIF), the kingdom’s sovereign wealth fund, has a unit called the Pharmaceutical Investment Company, or Lifera as it is known. Formed before 2021, Lifera was created to attract pharmaceutical and biotech companies to invest in drug manufacturing as Saudi Arabia aims to rely less on oil revenue. The Pharmaceutical Investment…
