Faramarz Ekhteraei, Chairman of the Syndicate of Pharmaceutical Raw
Material Producers, formally praised the National Petrochemical Company (NPC)
during the opening ceremony of the 7th Pharmex International Exhibition in
Tehran. He presented a plaque of appreciation to NPC for its contribution to
the sector’s strategic integration.
The commendation, addressed to Hassan Abbaszadeh, Deputy Petroleum
Minister and CEO of NPC, was received on his behalf by Mohammad Motaghi,
Director of Downstream Industries Development.
Pharmex, organized by the Syndicate of Pharmaceutical, Chemical and
Packaging Raw Materials in collaboration with the Food and Drug Administration
of Iran, has emerged as a key industry event. The exhibition aims to foster
collaboration among key players and unlock new growth opportunities for
domestic pharmaceutical firms.
According to industry estimates, Iran ranks seventh globally in the
production of biopharmaceuticals and tenth in overall pharmaceutical output.
The country currently manufactures all essential drugs and operates over 100
active production lines.
Despite this progress, officials say Iran’s vast potential in the
production of raw pharmaceutical ingredients remains underutilized. Pharmex
seeks to bridge this gap by creating investment opportunities and promoting
local capabilities.
The exhibition has drawn significant interest from industry players
and investors, underscoring growing momentum for deeper integration between
Iran’s petrochemical and pharmaceutical sectors.