The Nation Newspaper NAFDAC boss mulls revival of local medicine to cut cost of imported drugs
Prof Mojisola Adeyeye has made a case for the rejuvenation of the local pharmaceutical industry as a panacea for high cost of medicines in the country.
According to her, “The devaluation of the Naira accounted largely for high cost of production locally as the high exchange rate made procurement of raw materials and equipment imported for production extremely high, adding that due to difficulty associated with procurement of dollars, cost of the imported drugs has also hit the rooftop.”
”I told the industry operators that we need to start making some APIs locally and that has resulted in EMZOR almost completing their facilities in Sagamu. They are going to be making four anti-malaria APIs – sulfadoxime, Pyrimethamine, Artemether and Lumefantrine. The Fidson consortium is also planning manufacturing some APIs.”The DG said the initiative was aimed at reducing the cost of drugs eventually.
Prof Ali Pate, noted that the escalating costs of pharmaceuticals is part of the global phenomenon, expressing regrets that for the past 20 years the nation has been catching up, stressing that the present administration is focused on solving the issue.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Court dismisses defamation suit against The Nation Newspaper, AsishanaThe Nation Newspaper Court dismisses defamation suit against The Nation Newspaper, Asishana
Read more »
Advocates challenge NAFDAC on sugar in baby formula, cerealsThe Nation Newspaper Advocates challenge NAFDAC on sugar in baby formula, cereals
Read more »
Popular Ibadan supermarket, Pinnacle, to be re-opened soonThe Nation Newspaper Popular Ibadan supermarket, Pinnacle, to be re-opened soon – NAFDAC
Read more »
Ex-NAFDAC DG, former OgunSSG, others celebrate alma materThe Nation Newspaper Ex-NAFDAC DG, former OgunSSG, others celebrate alma mater
Read more »
‘I did not accuse Ayinde of sponsoring agitation for Yoruba nation’The Nation Newspaper ‘I did not accuse Ayinde of sponsoring agitation for Yoruba nation’
Read more »
Jagaban Apostles cautions Akintoye over Yoruba Nation agitationThe Nation Newspaper Jagaban Apostles cautions Akintoye over Yoruba Nation agitation
Read more »