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Neimeth International Pharmaceuticals Plc says it has put together a two-pronged expansion plan to boost its performance and increase value for investors. It said this on Monday in a statement titled ‘Neimeth Plans two-pronged expansion’.
The firm said the plan involved an upgrade of the current plant at Oregun, Lagos to take up new products while increasing manufacturing capacity for existing products; and the construction of a new multi-product facility that would be tailored to comply with the World Health Organization’s current standards of Good Manufacturing Practice at Amawbia in Anambra State… More details through: https://punchng.com/neimeth-to-implement-two-expansion-plans/
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The Presidential Task Force (PTF) on COVID-19 on Monday informed that Nigerian Scientists have produced at least two local COVID-19 vaccines which are awaiting clinical trials and certification.
The chairman of the PTF, Boss Mustapha speaking at the Force briefing, called on all relevant agencies to provide the required support and enabling environment for smooth conduct of the remaining protocols for the certification of these vaccines with a view to encouraging and motivating other researchers. He the feat which he described as significant and a welcome development, will open a new vista in scientific breakthrough and will boost the morale and image of the medical industry in Nigeria… More details through: https://businessday.ng/coronavirus/article/two-locally-made-covid-19-vaccines-in-nigeria-awaiting-clinical-trials-ptf/ As the world continues to adapt to the limited physical interactions following the COVID-19 pandemic, several business sectors have adapted to carrying on their activities remotely by leveraging Information & Communication Technology (ICT). However, an essential industry – the Health industry more than ever needs to adapt to the ‘new normal’ of rendering services without being physically present. Hence, the growing importance of Telemedicine.
Globally, the telemedicine market size stood at $41.63 billion in 2019. The global impact of COVID-19 gave an unprecedented positive demand shock to the industry across all regions. Telemedicine was poised to grow by a staggering 91.7% to $79.79 billion in 2020 and also grow at a 25.8% CAGR between 2020 – 2027. For example, during the early days of the pandemic in Nigeria, between 2nd February and 3rd May 2020, Hudibia, a mobile health application, got a 400% increase in downloads… More details through: https://www.thisdaylive.com/index.php/2021/03/21/telemedicine-a-panacea-for-nigeriashealthcare-ills/ President Muhammadu Buhari has directed the Minister of Health, Osagie Ehanire to ensure judicious use of $890 million health grant from Global Fund and set up an accountability framework to monitor the use of the fund.
Nigeria received $890 million, as a grant from the Global Fund in 2020 to tackle HIV/AIDS, tuberculosis (TB), malaria, and support Health Systems Strengthening Programmes over an implementation period of three years, beginning from 2021 to 2023. President Buhari who launched the grant virtually on Thursday directed the minister to provide periodic performance reports to his office… More details through: https://businessday.ng/health/article/buhari-launches-890m-health-grant-to-tackle-malaria-hiv-tb/ Two years after establishment, Anambra Oxygen Production Plant has achieved its daily production target of 200 cylinders per day. Onyekachukwu Ibezim, managing director, Anambra Oxygen Production Plant said this on Tuesday in Awka. Ibezim said that the establishment of the plant 24 months ago was vital in the fight against the COVID-19 pandemic…
More details through: https://businessday.ng/health/article/anambra-oxygen-plant-hits-daily-production-target-for-medical-cylinders/ The Central Bank of Nigeria (CBN) on Tuesday disclosed that it has so far financed 82 projects under its Healthcare Sector Research and Development Intervention Scheme (HSRDIS). The CBN Governor, Mr Godwin Emefiele, made the disclosure in Abuja at the award of grants for new beneficiaries under HSRDIS.
According to him, the scheme was introduced with the release of the implementation guidelines and subsequent inauguration of the Scheme’s Body of Experts (BoE) in July 2020, as part of the CBN’s policy response to the coronavirus (COVID-19) pandemic and aims at promoting intense research and development (R&D) activities towards developing vaccines and drugs against the spread of other communicable and non-communicable diseases… More details through: https://www.sunnewsonline.com/cbn-finances-82-health-projects-with-n85-89-bn/ Bayo Akomolafe Some pharmaceutical products valued at N353.03 billion ($751.14 million) have been imported from four European countries to Nigeria in the last one year.
The imports increased by 95.12 per cent in 2020 from $78.29 million to $751.14 million as Nigeria was avoiding its major supplier, India, over fake drugs. In 2020 alone, 133 containers of imported unregistered pharmaceutical products were seized at the Lagos Port complex by the Nigeria Customs Service (NCS). It was learnt that the pharmaceutical products were falsely declared in order to evade National Agency for Food and Drug Administration and Control’s (NAFDAC) examination… More details through: https://www.newtelegraphng.com/nigeria-receives-n353bn-worth-of-drugs-from-eu-countries/ Nigeria, Africa’s biggest economy at $495 billion, spends just 3.75 per cent of Gross Domestic Product (GDP) on healthcare, compared with 4.8 per cent in Kenya, 8.11 per cent in South Africa and 13.42 per cent in Sierra Leone.
As a consequence of under-investment, bringing Nigeria in line with the world average of 2.7 beds per 1000 people would require 386,000 more beds and entail a massive $82 billion investment in healthcare real estate assets, according to Knight Frank’s Healthcare Consulting Team. More details through: https://thenationonlineng.net/nigeria-spends-3-75-of-495b-gdp-on-healthcare/ Following the creation of a credit support intervention fund by the Central Bank of Nigeria (CBN) for the health sector, Unity Bank Plc has launched a product to ease credit access for healthcare service providers.
The new product tagged UnityCare is to improve health sector operators’ access to affordable credit, reduce medical tourism and conserve foreign exchange (FOREX). It is also aimed at providing long-term, low-cost finance for operators of health infrastructural development, product manufacturing, services, pharmaceutical/medical product distribution and logistics services… More details through: https://guardian.ng/business-services/business/new-credit-product-targets-healthcare-service-providers/ Nigeria has shifted to France, Denmark and Singapore to take delivery of some pharmaceutical products valued at N231.05 billion ($502.3million) in the last one year. This is coming as the Federal Government had decried the influx of counterfeit pharmaceutical products from China and Indian.
Already, government has said that it would commence pre-shipment analysis of imported drugs coming from the two countries into the Nigeria. Findings by New Telegraph revealed that importation of drugs from France had surged from eight per cent to 92 per cent, Denmark, form 11.6 per cent to 89.4 per cent and Singarpore from 1.7per cent to 98.3 per cent within one year… More details through: https://www.newtelegraphng.com/nigeria-imports-n231bn-drug-from-france-denmark/ |
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