Peter Pitts, former US FDA assistant commissioner and president of the Centre for Medicine in the Public Interest. Antonie Robertson/The National
Peter Pitts, former US FDA assistant commissioner and president of the Centre for Medicine in the Public Interest. Antonie Robertson/The National
Peter Pitts, former US FDA assistant commissioner and president of the Centre for Medicine in the Public Interest. Antonie Robertson/The National
Peter Pitts, former US FDA assistant commissioner and president of the Centre for Medicine in the Public Interest. Antonie Robertson/The National

UAE 'primed to become a global hub' for life science research and innovation


Nick Webster
  • English
  • Arabic

The UAE is primed to become a powerhouse of medical research and innovation on the international stage and could lead the way in new developing new vaccines against deadly diseases, a leading US health expert has said.

One year on from a £1 billion ($1.38bn) UAE investment deal into Britain’s life sciences industry, the focus has shifted to the emerging ambitions of the Emirates to compete on the global stage.

In 2021, Abu Dhabi doubled its capabilities to develop scientific and clinical research.

More research projects were conducted in 2021 than in the previous five years by the Department of Health Abu Dhabi.

The UAE has shown it can provide universities, hospitals and research facilities at efficient prices in a thriving, growing region
Peter Pitts,
president of the Centre for Medicine in the Public Interest

Peter Pitts, a former FDA associate commissioner and president of the Centre for Medicine in the Public Interest, a New York-based non-profit think tank, said it showed the UAE is an emerging force in the area of biopharmaceuticals.

“I can see the Emirates becoming not just a regional hub for this kind of research, but an international centre,” he said.

“The UAE has shown it can provide universities, hospitals and research facilities at efficient prices in a thriving, growing region — so it can become a life science centre for the world, not just the Gulf.

“It is not just a concept, and major companies will go where opportunities exist.

“By conducting trials and developmental science, the UAE could become the intellectual capital of the region, so there is a real opportunity here.”

The Department of Health's Research Registry for Covid-19, established as a unified platform to support global R&D efforts to combat the virus, received more than 376 scientific papers in 2021 and 67 Abu Dhabi facilities were licensed for healthcare research.

The UAE recorded a series of firsts during the pandemic in the area of life sciences as new Covid-19 drugs were fast-tracked.

Abu Dhabi was the first city in the world to receive the GlaxoSmithKline (GSK)-made Sotrovimab, a monoclonal antibody treatment delivered through intravenous therapy.

The drug was used to keep those most at risk of developing serious illness from Covid-19 out of hospital.

It was also the first destination for AstraZeneca’s Evusheld, which generates antibodies for patients who have low immunity due to a medical condition or immunity conditions.

In addition, a strategic partnership was announced with Swiss drug maker Roche to adopt casirivimab and imdevimab for the prevention and treatment of mild to moderate Covid symptoms.

UAE to become vaccination production hub

The rapid development of messenger RNA (mRNA) vaccines that teach cells how to trigger an immune response proved one of the most successful breakthroughs during the pandemic, said Mr Pitts.

“This new mRNA technology will take us very far, very quickly in a huge variety of diseases not considered curable,” he said, on the sidelines of the Duphat pharmaceutical conference in Dubai.

“We are close to a HIV vaccine and certain types of cancers will also be eradicated through new vaccine technology.

“Once you have an mRNA vaccine facility, it is faster, safer and cheaper than other methods of vaccine production and it can be applied against a broader spectrum of diseases.

“The problem is retooling the entire vaccine industry and that is expensive and will take a long time.”

In April 2021, the UAE became the first Arab country to begin manufacturing a Covid-19 vaccine with Hayat-Vax, a joint collaboration between Sinopharm CNBG and Abu Dhabi’s G42.

Mr Pitt said the UAE is well placed to build on that to transform the country into a vaccination production hub.

That has created an opportunity for countries like the UAE that have not played a role in the vaccine industry before, which can create a vaccine facility from the ground up, he said.

“There is no reason why the UAE cannot become a global leader in vaccine technology.

“The health ecosystem here is predictable and has continuity of leadership. They can do it better and cheaper in the UAE than anywhere else.”

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

RESULT

Kolkata Knight Riders 169-7 (20 ovs)
Rajasthan Royals 144-4 (20 ovs)

Kolkata win by 25 runs

Next match

Sunrisers Hyderabad v Kolkata Knight Riders, Friday, 5.30pm

Updated: February 24, 2022, 5:10 AM