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International News

South Africa to Create State-Owned Pharma Firm

July 21, 2011

South Africa -- which has long complained of paying too much for the HIV drugs it distributes at state hospitals -- plans to set up a government-owned pharmaceutical company, a senior official said Tuesday. The ruling African National Congress made the decision over the weekend, said Gwede Mantashe, the party's general secretary. In an interview, Mantashe declined to give details but said there is a compelling argument for establishing such a firm, given that South Africa consumes one-quarter of the world's antiretrovirals. In December, health authorities announced that 10 manufacturers -- including South Africa's Aspen Phamacare and Adcock Ingram -- would share a contract worth 4.3 billion rand (US $615 million) to supply ARVs.

Back to other news for July 2011

Adapted from:
Reuters
07.19.2011


  
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This article was provided by CDC National Prevention Information Network. It is a part of the publication CDC HIV/Hepatitis/STD/TB Prevention News Update.
 
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