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.

A photo accompanying this announcement is available at

Contact – /

GlobeNewswire Distribution ID 1000797758

GCC Secretary General Meets Principal Deputy Administrator of the NNSA at the US Department of Energy

Riyadh, March 13, 2023, SPA — The Secretary General of the Gulf Cooperation Council (GCC), Jassem Mohamed Albudaiwi, met today with Frank Rose, Principal Deputy Administrator of the National Nuclear Security Administration (NNSA) at the United States Department of Energy.

During the meeting, the two sides discussed the progress in implementing the strategic partnership between the GCC and the United States of America, announced in May 2015. They emphasized the significance of nuclear safety, protecting the environment from nuclear pollutants, preventing nuclear proliferation, and prohibiting the transfer of nuclear materials and technologies to terrorist groups. They also discussed ways to enhance cooperation between the two sides in these areas within the framework of the strategic partnership.

Source: Saudi Press Agency

Social Development Minister: allowances to be disbursed to beneficiaries on March 15

Social Development Minister Osama bin Ahmed Al Asfoor stressed the Government’s commitment to improve citizens’ standard of living, in line with the comprehensive development, led by His Majesty King Hamad bin Isa Al Khalifa, with the support of Hos Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister.

He valued HRH the Crown Prince and Prime Minister’s order to double the financial support for eligible individuals on social security and disability allowances marking the holy month of Ramadan.

He extended deepest thanks and gratitude to HM the King and HRH the Crown Prince and Prime Minister, hailing their keenness on ensuring decent living standards for citizens, especially low-income categories.

He announced that the ministry has immediately began implementing HRH the Crown Prince and Prime Minister’s order, noting that the amounts due to beneficiaries of social security assistance and disability allowance were transferred to their bank accounts to be disbursed to them on March 15.

Source: Bahrain News Agency (BNA)

E-Commerce Council Discusses SME Opportunities in Retail Sector

Riyadh, March 13, 2023, SPA – On the last day of the Biban 2023 Forum, the E-Commerce Council of the Ministry of Commerce discussed promising investment opportunities for small and medium enterprises (SMEs) in the Saudi retail sector, which is the second largest non-oil economic sector and the largest empowering sector for Saudi women.

The E-Commerce Council, in cooperation with the General Authority for Small and Medium Enterprises (Monsha’at), reviewed the most prominent enablers and incentives for male and female entrepreneurs to invest in the retail sector.

The E-Commerce Council identified the retail sector’s connection to electronic stores and the significant growth witnessed by the retail sector to achieve the goals of the Kingdom’s Vision 2030, which aims to raise the proportion of modern trade in the retail sector to 80% and to add 1 million job opportunities for citizens.

The total number of SMEs in the retail sector exceeded 440,000 by the end of 2022, while retail employment reached more than 1.7 million people in the same timeframe. Also, the size of the retail sector’s contribution to the gross domestic product (GDP) of the national economy reached SR340 billion by the end of 2022.

The E-Commerce Council presented official statistics on the retail sector during the fourth quarter of 2022, indicating that the sector’s contribution to GDP amounted to about SR89.5 billion, representing 8.7% of GDP.

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

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

KSrelief Supervisor General Meets with WFP Regional Director

Riyadh, March 13, 2023, SPA — Advisor at the Royal Court and the Supervisor General of the King Salman Humanitarian Aid and Relief Center (KSrelief), Dr. Abdullah bin Abdulaziz Al Rabeeah, met in Riyadh today with the Regional Director of the World Food Program in the Middle East, North Africa, Central Asia and Eastern Europe, Corinne Fleischer, and her accompanying delegation.

During the meeting, the two sides discussed ways to strengthen cooperation and coordination in the humanitarian and relief fields in the Middle East, North Africa, Central Asia, and Eastern Europe to achieve Sustainable Development Goals and address issues of hunger and poverty in affected communities. They also discussed the progress of food projects being implemented in Yemen.

The WFP Regional Director expressed her sincere appreciation for the Kingdom’s support, provided through the KSrelief, for the international operations of the World Food Program. She noted the center’s tireless efforts to ensure food security in the neediest countries.

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

Islamic Affairs Minister Receives Australian Special Envoy to OIC

Riyadh, March 13, 2023, SPA — The Minister of Islamic Affairs, Call and Guidance, Sheikh Dr. Abdullatif bin Abdulaziz Al Al-Sheikh, received at his office today Australian Special Envoy to the Organization of Islamic Cooperation (OIC) Ridwaan Jadwat.

During the meeting, the minister said the government of the Kingdom seeks to spread the principles of moderation and rejection of extremism, stressing the need for intensified global efforts to combat terrorism and eliminate its causes.

For his part, Jadwat expressed his aspiration for further cooperation in the fight against terrorism and spreading the culture of tolerance and interfaith dialogue.

Source: Saudi Press Agency