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AfDB Annual Meetings: Africa's pharma infrastructure development
The COVID pandemic exposed deep gaps in Africa's ability to protect itself from the global health crisis, CNBC Africa’s Kenneth Igbomo, spoke to Padmashree Gehl Sampath, Special Adviser to the President, African Development Bank on what's AfDB'S priority to build health and pharma on the continent.
Fri, 26 May 2023 10:37:03 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Addressing technological gaps and upgrading African firms in the pharmaceutical industry is crucial for enhancing value addition and ensuring readiness for future health crises.
- Synergizing finance and technology support is essential for the sustainability and growth of pharmaceutical companies in Africa.
- Focusing on local drug adaptation, enhancing production capacity, and diversifying product offerings are key strategies to drive innovation and improve public healthcare outcomes in Africa.
The COVID-19 pandemic has revealed significant gaps in Africa's healthcare system, highlighting the urgent need for investment in the pharmaceutical sector. In a recent interview with CNBC Africa, Padmashree Gehl Sampath, Special Advisor to the President of the African Development Bank (AfDB), emphasized the importance of building capacity in the pharmaceutical industry to ensure Africa's readiness for future health crises.
Sampath stressed the need for sustained investments in the pharmaceutical sector, citing the challenges faced during previous health crises such as HIV/AIDS. She emphasized that Africa cannot afford to return to 'business as usual' after the COVID-19 pandemic and must prioritize building a robust healthcare infrastructure. The interview also touched upon the establishment of the Africa Pharmaceutical Technology Foundation to address key issues in the sector.
One of the primary challenges highlighted by Sampath is the technological gap in the pharmaceutical industry. Many African firms operate at the lower end of the value chain, necessitating support to upgrade technologically. The AfDB's initiative aims to assist African companies, research institutions, and governments in enhancing value addition by producing essential pharmaceutical ingredients and antigens for vaccines on the continent.
Moreover, the conversation delved into the critical role of financing and technology in overcoming challenges in the sector. Sampath emphasized the need for a synergy between finance and technological support to ensure the sustainability and growth of African pharmaceutical companies. By partnering with the private sector and providing strategic investments, the AfDB aims to drive long-term sustainability and innovation in the industry.
The interview further explored the areas where the pharmaceutical sector can make a significant impact. While the focus has largely been on vaccine production in response to COVID-19, Sampath highlighted the need for African firms to manufacture essential drugs like insulin and anti-cancer medications. By addressing gaps in drug availability and enhancing production capacity, African countries can improve public healthcare and drive innovation in the sector.
Sampath also discussed the importance of addressing challenges across the pharmaceutical value chain. The foundation's focus includes supporting firms that have invested in vaccine production facilities to transition into other critical areas of drug development. By leveraging existing infrastructure and partnerships, African companies can diversify their product offerings and contribute to advancing public health.
A key highlight of the interview was the emphasis on local drug adaptation to reflect Africa's diverse genetic population. Sampath underscored the need for innovation capabilities to develop drugs tailored to the genetic profiles of African populations. By fostering innovation in areas such as e-health, digital health, and AI in healthcare, African countries can drive local drug adaptation and enhance the effectiveness of pharmaceutical interventions.
In conclusion, the interview with Padmashree Gehl Sampath shed light on the AfDB's commitment to advancing Africa's pharmaceutical sector. By addressing technological gaps, enhancing financing mechanisms, and promoting innovation, the AfDB aims to build a resilient healthcare infrastructure that can effectively respond to future health challenges. The focus on local drug adaptation and strategic partnerships underscores the importance of collective efforts to drive pharmaceutical development and improve public health outcomes in Africa.
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