in

The future of local pharmaceutical industry under assessment 

The Ministry of Public Health on Friday, February 21, held a strategic meeting with key stakeholders in the pharmaceutical sector. Presided over by Dr Manaouda Malachie, the objective was to identify practical solutions to boost the local pharmaceutical industry and increase its presence in the national market.

FB IMG 1740411783685

The round table discussion led to the proposal of several possible ideas, including the development of a defined roadmap to achieve a 30% market penetration for locally produced pharmaceutical products. Another proposal was the creation of a detailed inventory of available stock to facilitate distribution. Additionally, pharmaceutical companies were encouraged to register with accredited banks to access financial guarantees from the Ministry of Finance, which prioritizes this sector.

Industry representatives raised concerns about critical issues such as market access, subsidies under the import-substitution policy, and tax relief on water and energy for the next five years. They also called for a reduction in corporate taxes, the suspension of locally produced molecules importation and increased financial support from the government.

Pour approfondir :   Authorities call for calm amidst Schistosomiasis outbreak in Kumba

This meeting is part of the Ministry of Public Health ongoing effort to support pharmaceutical development. Following field visits to several pharmaceutical firms across the country, the minister has implemented measures to speed up the approval of market authorizations, good manufacturing practice certificates, and import tax exemptions for essential production materials. According to the ministry’s communication, a dedicated platform has also been established to regulate pharmaceutical imports based on local production capacities.

The Minister of Health reaffirmed his commitment to helping the local pharmaceutical industry grow, urging all stakeholders to engage in close and constructive collaboration for sustainable development.

Pour approfondir :   New HIV trial in South Africa brings hope for treatment

Leave a Reply

Your email address will not be published. Required fields are marked *

FB IMG 1740380710731

2025 presidential election : Southwest chiefs endorse Paul Biya

Blaise et Carmelle Moussa pleurent leur fille

Tragic turn in the death of Camwater’s DG’s daughter