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Find out moreWelcome to this edition of Law Update, where we focus on the ever-evolving landscape of financial services regulation across the region. As the financial markets in the region continue to grow and diversify, this issue provides timely insights into the key regulatory developments shaping banking, investment, insolvency, and emerging technologies.
2025 is set to be a game-changer for the MENA region, with legal and regulatory shifts from 2024 continuing to reshape its economic landscape. Saudi Arabia, the UAE, Egypt, Iraq, Qatar, and Bahrain are all implementing groundbreaking reforms in sustainable financing, investment laws, labor regulations, and dispute resolution. As the region positions itself for deeper global integration, businesses must adapt to a rapidly evolving legal environment.
Our Eyes on 2025 publication provides essential insights and practical guidance on the key legal updates shaping the year ahead—equipping you with the knowledge to stay ahead in this dynamic market.
The SFDA – هيئة الغذاء والدواء, Saudi Food & Drug Authority (“SFDA“) issued new guidance document, entitled Economic Evaluation Studies Guidelines, Version 1 of July 2024 (“EES Guidance“). It aims to help manufacturers, marketing authorization holders, and agents by describing a standard method for performing, submitting, or publishing an Economic Evaluation Study (“EES“).
This guidance will have a phased implementation as follows:
SFDA uses EES’ to determine the added value deserved over the current standard of practice utilized in Saudi Arabia’s healthcare system. During SFDA’s pricing of pharmaceutical products, SFDA may consider economic studies; innovative and biological product pricing should take into account “clinical comparative studies and pharmacoeconomics studies with registered therapeutic alternatives” (Article 3 of the Pharmaceutical Pricing Rules).
This new EES Guidance applies to all human pharmaceutical products undergoing pricing procedures including, registration, price re-evaluation, and renewal in SFDA.
GENERAL REQUIREMENTS
General requirements include:
In addition, a summary conclusion from the following Health Technology Assessment (HTA) agencies are required to be presented, such as: The National Institute for Health and Care Excellence (NICE); Institute for Clinical and Economic Review (ICER); Canadian Agency for Drugs and Technologies in Health (CADTH); Haute Autorité de santé (HAS); Pharmaceutical Benefits Advisory Committee (PBAC) …etc.
EES REQUIREMENTS
The SFDA EES Guidance provides information on the most suitable EES based on the product type (such as new chemical, biologic, general chemical, biosimilar), including full economic evaluation (such as cost effectiveness analysis, cost minimization analysis, and cost utility analysis) and partial economic evaluation (such as budget impact analysis).
For generic chemical products, it’s optional to submit an EES.
The relevant forms are attached in the EES Guidance’s appendix, which should be submitted to the SFDA as part of the eCTD section 1.8.2 (Other documents related). The applicant must provide justifications for not submitting any required data.
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