What is Altriaq Pharma of King Abdulaziz University?

Dear reader, before we answer today's article, let's talk about the origin of the word 'Altriaq.'

'Altriaq' is an Arabic word used to refer to medical substances or therapies used to treat diseases or poisoning. These substances can include medicines and other means used to improve health or alleviate the symptoms of illness. The word 'Altriaq’ has been used throughout the ages in Arabic to refer to these matters. Its history dates back to ancient times and beyond. In ancient and medieval times, Arabic medicine relied on many medical texts that used the term 'Altriaq' to refer to treatments and medicines. Today, the word 'Altriaq' is commonly used in modern Arabic in the medical and health context to refer to medicines and substances used for treatment and healing.

Now, let's discuss the importance of startups and innovators in the pharmaceutical and biotechnology industries. The importance of the pharmaceutical sector locally, regionally, and globally is not hidden, with the global pharmaceutical sector exceeding seven trillion US dollars in 2021. This sector relies on research, development, and innovation to produce innovative medical and pharmaceutical products.

You may also be aware of the efforts of the Saudi government in developing and localizing the pharmaceutical and medical industries, contributing to the achievement of the Saudi Arabia Vision 2030 in developing and localizing strategic industries.

In this context, King Abdulaziz University, one of the best universities regionally and globally, has pioneered by establishing the first university-owned company specialized in discovering and developing medical and pharmaceutical products derived from the university's research, development, and pharmaceutical innovation.

With a visionary approach from King Abdulaziz University and the leadership of the Jeddah Valley Company, the investment arm of King Abdulaziz University, Alteriaq Pharma Company was established about a year and a half ago. During this relatively short period, the company achieved many unique and qualitative achievements at the level of Saudi universities, with unlimited support from the university's leadership, the Ministry of Education, and other supportive government and private sectors.

Alteriaq Pharma has developed a large number of innovative medical and pharmaceutical products. The company has registered five products with the Saudi Food and Drug Authority as the first stage, followed by many subsequent stages. These products have also been registered in the "Made in Saudi Arabia" program after the company was registered as a partner in this program. Thousands of these products have been manufactured, and many distinguished partnerships have been formed in manufacturing, distribution, and marketing with the best national companies in these fields. The aim is to transform the research and innovative outputs of King Abdulaziz University into valuable products and economic returns for the nation, benefiting citizens and residents. Alteriaq Pharma aspires to enhance its presence and position in the Saudi market and regional and global markets soon.

Alteriaq Pharma aims to be a successful example of university-owned companies and a model for benefiting from research and scientific outputs, transforming them into tangible products, and applying the knowledge-based economy concept.

What is noteworthy is how King Abdulaziz University turned these values into realistic projects that benefit society and the nation. The research and studies conducted within its premises havemade a qualitative leap in the pharmaceutical and medical industries, thanks to Alteriaq Pharma.

In addition to the above, Alteriaq Pharma promotes mutual cooperation with local and global research and development centers and innovators to ensure the exchange of expertise and the application of the latest technologies available in the pharmaceutical and medical industries. This cooperation is not limited to the academic level but also extends to include the private sector and specialized global companies, ensuring the development of high-quality products that meet the needs of the local and global markets.

It is worth mentioning that King Abdulaziz University plays a significant role in supporting scientific research and entrepreneurial projects. The university always strives to create a stimulating environment for researchers and innovators, providing all support to achieve excellence in various scientific fields. One of the most important initiatives in this regard is establishing a distinguished and specialized center in this field, contributing to the transfer of technology and its transformation into tangible products, namely, the "Innovation and Entrepreneurship Center."

Within the strategic directions of the Kingdom of Saudi Arabia, Alteriaq Pharma is considered an exemplary model of efforts to achieve economic and social sustainability through knowledge, technology, and innovation. A clear vision, defined goals, and continuous support from the government and relevant institutions remain the key factors ensuring the continued success and progress of Alteriaq Pharma.

In conclusion, King Abdulaziz University has proven that research, innovation, and entrepreneurship are not just slogans but a way of work through which it seeks to achieve excellence and leadership in all fields. Contributing to the progress and prosperity of the nation is a responsibility placed on every individual and institution in our beloved country.