India’s pharmaceutical pricing authority issues new guidelines on pricing of drugs

INDIA -The Nationwide Pharmaceutical Pricing Authority (NPPA) has directed all producers and advertising firms of medication, formulations and medical gadgets to cut back costs of merchandise already available in the market NPPA has asked all producers and advertisers to revise their utmost retail cost of medications on which Goods and Service Tax (GST) have been diminished. The regulatory body has requested the involved parties to recall, relabel products of launched shares available in the market in order to have them meet the regulatory compliance. Producers will be made accountable for…

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Zimbabwe sizes up local pharmaceutical manufacture amid rising poverty levels

ZIMBAMBWE – Zimbabwe’s pharmaceutical industry continues to import critical medicines such as anti-retroviral drugs (ARVs) as the sector faces low levels of production despite the country having ability to produce these drugs, a factor towards recessive poverty waning. Giving oral evidence to the Thematic Portfolio Committee on HIV/Aids Monday, Industry Ministry secretary Mavis Sibanda revealed local manufacturers’ production of drugs was only US$31.5 million while US$213 million worth of medicines were imported annually. “The pharmaceutical market size of Zimbabwe is estimated at US$244.5 million while local manufacturers produce only US$31.5…

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IFC, Proparco, DEG and DFC to support Covid-19 vaccine and pharma manufacturing in Africa

SOUTH AFRICA – The International Finance Corporation (IFC), Proparco, the German Development Finance Institution (DEG) and the U.S. International Development Finance Corporation (DFC) have announced a partnership to support vaccine manufacturing in Africa, pharmaceutical development so as to accelerate the continent’s recovery from the COVID-19 pandemic. Through the partnership, IFC, Proparco, a subsidiary of Agence Française de Développement (AFD Group), DEG and DFC, along with other partners, are exploring potential collaboration with vaccine producers on the continent, including Aspen, among others, to support the continued development of sustainable local vaccine…

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USD 3.6 million worth of illegally sold medicines and devices seized in UK as part of global crackdown

UK – Over 3 million medicines and medical devices valued at over £9 million have been seized by UK officers as part of a global operation tackling the illegal online sale of medicines and medical devices. In the UK, 113,000 illegally operating websites were also removed or had their URLs blocked. Eight search warrants were executed, with 7 criminals arrested. Under Operation Pangea, over 100 countries joined forces to seize non-compliant medical products and also to identify and remove thousands of illegally operating websites and URLs offering medicines and devices.…

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Pharmaceutical caps and closures market expected to grow with rise in demand for safe packaging solutions

UAE – Future Market Insights, a certified consulting firm, has said the pharmaceutical caps and closure market is slated to increase, surpassing a valuation of US$ 2.27 billion by 2021-end, due to growing demand of safe and easy packaging solutions of pharmaceuticals. Growing demand of child-proof packaging due to the rising concern of accidental consumption is among the factors expected to spur the growth. Focus on effective packaging to lessen the spoilage of pharmaceutical drugs will improve the adoption of pharmaceutical caps and closures as well as expansion of pharmaceutical…

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mPharma sets up Community Health by Mutti to improve on community centered healthcare

GHANA – mPharma, a Ghanaian startup which manages prescription drug inventory for pharmacies and their suppliers, has rolled out a program called Community Health by Mutti for community healthcare services. The program aims at incorporating community health workers (CHWs) into the pharmaceutical delivery industry as a way of advancing good health. mPharma will be assigning community health nurses to mutti partner pharmacies. These nurses will provide preventive health screening to people who live around a mutti pharmacy by visiting them in their homes and workplaces. Mutti is an mPharama initiative…

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Pharmaceutical knowledge database DrugBank expands into new regions to compound global influence

CANADA – DrugBank, the world’s most complete and up-to-date pharmaceutical knowledge database, expands operations into Austria, Colombia, Indonesia, Italy, Malaysia, Thailand, and Turkey to better serve global partners. DrugBank augments human intelligence to improve the world’s health by offering a suite of products that enable healthcare companies to improve healthcare delivery through precision medicine or clinical software application, while uncovering insights by applying data science to drug discovery.  “With these new additions, our pharmaceutical knowledge base becomes even more accessible and comprehensive,” explains Mike Wilson, CEO of DrugBank.  Wilson continues…

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PharmEasy acquires Medlife to bolster healthcare service delivery in India

INDIA- Medlife has discontinued operations in India to join PharmEasy, one of India’s top online pharmacy and medical care platforms. This newly formed collaboration is expected to deliver innovative solutions toward delivering better experiences to consumers, delivery personnel and retail partners in India. The merger is expected to complement PharmEasy’s ever growing efforts to simplify healthcare and impact lives in India’s healthcare space. The transaction happens at a time when the e-pharmacy market is experiencing exponential growth, largely fuelled by restriction of movement and social distancing practices as per COVID-19 regulations. According…

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Healthcare startup mPharma to launch Haltons Pharmacies in Ethiopia

ETHIOPIA – Ghanaian health tech startup mPharma has signed a franchise agreement with Belayab Pharmaceuticals to open Haltons Pharmacies in Ethiopia Through the agreement, mPharma will leverage its technology platforms, insights, and extensive experience working with hospitals and retail pharmacies across Africa to help Ethiopia achieve universal medical coverage to all its patients. mPharma and Belayab Pharmaceuticals aim to open two operational pharmacies in Addis Ababa this year.  mPharma Currently operates in Ghana, Nigeria, Zambia, Rwanda, and Kenya and serves about a million patients every year through over 300 partner pharmacies. In…

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