PharmaLedger Association Launches Digital Trust Ecosystem in Healthcare

photo PharmaLedger video release link

original image of PharmaLedger event and link to video release

BASEL, Switzerland, March 13, 2023 (GLOBE NEWSWIRE) — The PharmaLedger Association™ (PLA), a not-for-profit based in Switzerland, announces the endorsement of its 3-year strategic plan to implement and promote a Digital Trust Ecosystem in healthcare (DTE-H) at its Annual General Meeting held in Lucerne, Switzerland on 1 March 2023. The member organizations also confirmed the appointment of eight Directors to its board, delivering on PLA’s core value of “Ecosystem Leadership.”

Representing the diversity of healthcare, PLA’s founding members comprise of large and small pharmaceutical companies, research organizations, patient representative organizations, non-profit organizations, technology, and healthcare service providers. PLA has confirmed its mandate as a pre-competition umbrella organization delivering common and interoperable digital solutions in the areas of Product TrustDecentralized Clinical Trials, and Supply Chain Traceability.

  • Products & Project: In Q1 2023, PLA will release the first qualified product, electronic Product Information for implementation by its members.
    In Q2 2023, the Association will continue with the development of new products in its innovation xLab, including of a product digital twin, decentralized identities, and verifiable credentials to facilitate visibility, security, traceability, and trust in all areas of healthcare.
  • Governance & Compliance: PLA will leverage its capability to develop, qualify, launch, and maintain products in healthcare’s highly regulated environment by ensuring continuous adherence to antitrust, intellectual property, data privacy, and Computerized System Assurance guidelines.
  • Ecosystem Engagement & Growth: The association will continue to onboard new members and engage with authorities, trade associations and standards development organizations, ensuring growth and financial viability.
  • Platform Technology & Security: PLA will focus on easing adoption of new solutions with its members and users while maintaining the cybersecurity benefits of its architecture.

The formation of PLA and the endorsement of its mission by diverse members of healthcare is a major milestone. This paves the way for delivery of widely trusted blockchain-based platforms with new open-source healthcare solutions to create value for patients and ecosystem stakeholders. PLA is grateful to its 20 founding members and invites all healthcare related organizations to learn more and engage towards the realization of a trusted Healthcare 4.0.

“Blockchain is a team sport. PLA has started with a diverse and strong team of members with a common vision and who believe in real change. With PLA we have the right vehicle, resources, and roadmap to take patients to a better place in healthcare,” Daniel Fritz, Executive Director, PharmaLedger Association.


PLA is the result of the successful completion of the PharmaLedger research project, a €22 million, 30-member consortium with 12 large pharma companies and 18 public partners, funded under the European Union (EU) and European Federation of Pharmaceutical Industries and Associations (EFPIA)’s Innovative Health Initiative.

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Departure of 15th Relief Plane within the Saudi Airlift to Help Earthquake Victims in Syria and Turkiye

Riyadh, March 13, 2023, SPA -- The 15th relief plane from Saudi Arabia departed from King Khalid International Airport today, bound for Gaziantep Airport in Turkiye. The aircraft is carrying 85 tons and 346 kgs of shelter materials, including 1,000 shelter tents, 13,329 pieces of clothing, 3,600 blankets, and 3,600 mattresses, to aid the earthquake victims in Syria and Turkiye.

This is part of the Saudi airlift, managed by the KSrelief, and is in accordance with the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, as an embodiment of the Kingdom's humanitarian role.


Source: Saudi Press Agency

Prince Abdulaziz bin Saad Receives Ambassador of Bahrain to Saudi Arabia

Hail, March 13, 2023, SPA -- Prince Abdulaziz bin Saad bin Abdulaziz, Governor of Hail Region, received the ambassador of the Kingdom of Bahrain to the Kingdom of Saudi Arabia, Sheikh Ali bin Abdurrahman bin Ali Al Khalifa, who is visiting the region.

Prince Abdulaziz commended the strong fraternal ties between the two kingdoms, considering them an exemplary model of close relationships. The Governor of Hail Region also welcomed the Bahraini ambassador on his visit to the region and his tour of the archaeological and tourist sites.

In turn, the Bahraini ambassador praised the region's archaeological and heritage treasures and its comprehensive development, expressing gratitude to the Governor of Hail Region for his hospitality and courtesy.

During the meeting, they exchanged cordial conversations and souvenirs.

Source: Saudi Press Agency

WEF President Discusses Boosting Partnership with Saudi Arabia

Riyadh, March 13, 2023, SPA -- The President of the World Economic Forum (WEF), Mr. Borge Brende, took part in an official visit to the Kingdom of Saudi Arabia to explore opportunities for enhanced cooperation between the Kingdom and WEF.

During the visit, Mr. Brende discussed regional and global economic developments and areas of common interest with representatives from the government, public and private sectors. He also toured the historic At-Turaif District.

The WEF President’s visit followed the Kingdom’s successful participation at the World Economic Forum Annual Meeting 2023 in January, with a high-level delegation led by Prince Faisal bin Farhan, Minister of Foreign Affairs. The delegation focused on bridging global divides and facilitating near-term stability while driving long-term transformation.

During the Annual Meeting, the Kingdom – represented by King Abdulaziz City for Science and Technology (KACST) – signed a Letter of Intent with WEF to establish a new accelerator program catalyzing innovation in Saudi Arabia. The Saudi delegation also highlighted the Kingdom's role as a Pioneering Partner in the Global Collaboration Village, aimed at leveraging the metaverse to serve the global community.

In collaboration with UpLink, WEF’s open innovation platform, the Ministry of Economy and Planning announced the launch of the Food Ecosystems in Arid Climates Challenge, designed to crowdsource transformative solutions for food security in countries impacted by low rainfall, drought and desertification.

The Ministry of Economy and Planning also joined WEF's Jobs Consortium – a coalition of CEOs, international organizations, ministers and other leaders aiming to promote a better future of work for all by enabling job creation and job transition.

Source: Saudi Press Agency

Saudi Ministry of Economy and Planning and the National Water Efficiency and Conservation Center Sign MoU to Safeguard Water and Financial Sustainability

Riyadh, March 13, 2023, SPA -- The Ministry of Economy and Planning (MEP) and the National Water Efficiency and Conservation Center (MAEE) have signed a Memorandum of Understanding aimed at achieving water and financial sustainability in line with the Sustainable Development Goals (SDGs).

The agreement outlines a joint framework for developing and harmonizing the strategic direction of national development priorities and economic policies while enabling decision-making through the preparation of methodologies and studies that support SDGs.

The MoU was signed by the Deputy Minister of Shared Support Services, Eng. Mansour bin Abdullah Alrashed, representing the Ministry of Economy and Planning, and Eng. Fahad bin Huwaizi Aldosari, CEO of the National Water Efficiency and Conservation Center (MAEE).

In a statement, Eng. Mansour Alrashed said, "Through the signing of the Memorandum of Understanding, we look forward to increasing cooperation in research and innovation to rationalize water use in government facilities and economically impactful sectors. This important initiative will unify efforts to achieve the Sustainable Development Goals and help preserve water resources in line with Saudi Vision 2030." Eng. Fahad bin Huwaizi Aldosari, CEO of the National Water Efficiency and Conservation Center (MAEE), added, "We look forward through the signing of the Memorandum of Understanding with the Ministry of Economy and Planning to achieve common strategic goals enhancing water sustainability, efficiency, and conservation and increasing public awareness of the need to rationalize water use."

The signing of this MoU comes at a time when the Ministry of Economy and Planning and the National Water Efficiency and Conservation Center want to coordinate efforts and exchange experiences in common areas of responsibility, in line with the Sustainable Development Goals and the objectives of Saudi Vision 2030.

Source: Saudi Press Agency

SVC Announces the Increase of Its Investment Capital to SAR 6 Billion and Launches Its New Brand

Riyadh, March 13, 2023, SPA -- The Saudi Venture Capital Company (SVC), a subsidiary of the SME Bank, a development bank affiliated with the National Development Fund, announced an increase in its investment capital for the coming years, bringing the total investment capital to SAR 6 billion (USD 1.6 billion).

In addition, SVC launched its new brand identity as a subsidiary of the SME Bank, which reflects the strategic growth of SVC in developing its investment products and enhancing its role in financing startups and SMEs from pre-Seed to pre-IPO through investment in funds and co-investment in startups.

Source: Saudi Press Agency