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Nigerian patients feel pain of soaring drug prices

Nigerian patients feel pain of soaring drug prices

WHEN Sodiq Ajibade emerged from a Lagos pharmacy holding asthma medication, one drug on his prescription was missing because he did not have the money to buy it. The price of some medicines has risen almost tenfold in Nigeria in the past few months, forcing patients like Ajibade to cut his doses or turn to traditional alternatives. Pharmaceutical industry officials said the plunge in the value of the naira after the removal of currency controls in June has sent prices of new stocks rocketing. British drugmaker GSK is moving from GSK-controlled local operating companies in Nigeria to a third-party direct distribution model.…
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Not without India: World’s pharmacy gears up for vaccine race

Not without India: World’s pharmacy gears up for vaccine race

ABHIRUP ROY, EUAN ROCHA and KRISHNA N. DAS INDIA, the world's biggest vaccine maker, is getting set for the massive global blitz to contain the coronavirus pandemic with its pharmaceutical industry and partners freeing up capacity and accelerating investments even without firm purchase orders. India manufactures more than 60% of all vaccines sold across the globe, and while its $40 billion pharmaceutical sector is not yet involved in the production of the expensive Pfizer Inc and Moderna shots, the nation will play a pivotal role in immunizing much of the world. Indian companies are set to produce eight, more affordable…
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