African pharma news

Here are some recent news articles and updates from the African pharmaceutical industry:

News Articles:

  1. Africa's pharmaceutical industry faces challenges: A report by the African Development Bank highlights the challenges facing Africa's pharmaceutical industry, including a lack of investment, inadequate infrastructure, and limited access to medicines. (Source: African Development Bank)
  2. South Africa's Aspen Pharmacare to acquire Egyptian pharma company: Aspen Pharmacare, a South African pharmaceutical company, has announced plans to acquire Egyptian pharmaceutical company, Pharco. (Source: Business Day)
  3. Nigeria's pharmaceutical industry grows despite challenges: Despite facing challenges such as a lack of infrastructure and limited access to funding, Nigeria's pharmaceutical industry has been growing, with the country producing over 70% of its own medicines. (Source: The Guardian)
  4. Kenya's pharmaceutical industry faces competition from imports: Kenya's pharmaceutical industry is facing competition from imported medicines, which are often cheaper and of higher quality than locally produced medicines. (Source: The East African)
  5. Egypt's pharmaceutical industry to benefit from new trade agreement: Egypt's pharmaceutical industry is expected to benefit from a new trade agreement with the European Union, which will reduce tariffs on pharmaceutical exports. (Source: Egypt Today)

Company Updates:

  1. Aspen Pharmacare acquires majority stake in Egyptian pharma company: Aspen Pharmacare has acquired a majority stake in Egyptian pharmaceutical company, Pharco, for $150 million. (Source: Business Day)
  2. South Africa's Adcock Ingram to acquire Nigerian pharma company: Adcock Ingram, a South African pharmaceutical company, has announced plans to acquire Nigerian pharmaceutical company, Neimeth International Pharmaceuticals. (Source: Business Day)
  3. Egypt's Pharco to invest in new manufacturing facility: Pharco, an Egyptian pharmaceutical company, has announced plans to invest in a new manufacturing facility in Egypt. (Source: Egypt Today)
  4. Nigeria's May & Baker to launch new pharmaceutical products: May & Baker, a Nigerian pharmaceutical company, has announced plans to launch new pharmaceutical products in the country. (Source: The Guardian)
  5. Kenya's Kenya Medical Supplies Authority to procure more medicines: The Kenya Medical Supplies Authority has announced plans to procure more medicines for the country's public hospitals. (Source: The East African)

Regulatory Updates:

  1. South Africa's Medicines and Related Substances Control Amendment Act: South Africa's Medicines and Related Substances Control Amendment Act has come into effect, aimed at improving the regulation of medicines in the country. (Source: Business Day)
  2. Nigeria's National Agency for Food and Drug Administration and Control (NAFDAC) to regulate herbal medicines: NAFDAC has announced plans to regulate herbal medicines in Nigeria, aimed at ensuring their safety and efficacy. (Source: The Guardian)
  3. Egypt's Ministry of Health to regulate pharmaceutical advertising: Egypt's Ministry of Health has announced plans to regulate pharmaceutical advertising in the country, aimed at preventing misleading advertising. (Source: Egypt Today)

I hope this information is helpful!