Memorandum of Agreement between MNGHA and Ministry of Investment

Continuing the partnership efforts between the Ministry of National Guard Health Affairs, represented by the King Abdullah International Medical Research Center (KAIMRC), and the Ministry of Investment to enhance and empower high-value investments in the biotechnology sector.

A memorandum of agreement was signed between the Ministry of National Guard Health Affairs - King Abdullah International Medical Research Center (KAIMRC), the Ministry of Investment, Beta Lab, and FlashPoint a subsidiary American company of the Chad Merkin Labs.

The memorandum aims to collaborate on hosting clinical research and innovation to improve the efficiency and quality of the active substance in complex cancer vaccines, which will enhance the economic and cognitive impact, organizational expertise, and attract investments in the biotechnology sector.

The signing ceremony was attended by His Excellency the Minister of Investment, Engineer Khalid Al Falih, and His Excellency the CEO of the Ministry of National Guard Health Affairs, Dr. Bandar Al Knawy.