TOWARDS THE CREATION OF AN AFRICAN FOUNDATION FOR PHARMACEUTICAL TECHNOLOGY

Dakar, July 6 (APS) – The Board of Directors of the African Development Bank (AfDB) has validated the creation of the African Foundation for Pharmaceutical Technology which will be based in Rwanda, announces a press release received this Wednesday at APS .

This innovative institution will significantly improve Africa’s access to the technologies that underpin the manufacture of drugs, vaccines and other pharmaceutical products, the same source said.

African leaders called on the AfDB to help establish this African Pharmaceutical Technology Foundation at the African Union summit in Addis Ababa last February.

”A joint benefit entity, the Foundation will have its own governance and operating structures. It will encourage and conclude alliances between foreign and African pharmaceutical companies,” the statement said.

According to the text, the Foundation aims to strengthen African pharmaceutical companies so that they can engage in local production projects, in a process of systematic learning of technology and technological upgrading of production sites. .

Together with African governments and centers of excellence in research and development, the Foundation will work to strengthen the pharmaceutical and vaccine innovation ecosystem in Africa and to develop the skills necessary for the development of the sector.

It will enable closer coordination of the various existing drug and vaccine manufacturing initiatives at the regional level, taking advantage of the synergies and partnerships engaged at the pan-African level.

The African Pharmaceutical Technology Foundation will work closely with the African Union Commission, European Union Commission, World Health Organization, Medicines Patent Pool.

The World Trade Organization, philanthropic organizations, bilateral and multilateral agencies and institutions are also part of it, as well as the public and private sectors of developed and developing countries, which will also be strongly encouraged to collaborate.

African Development Bank Group President Akinwumi Adesina, quoted in the statement, said “this is a big step forward for Africa”.

“Africa must equip itself with a health defense system, based on three main areas: the revival of the African pharmaceutical industry, the strengthening of African capacities for the manufacture of vaccines and the establishment of health care infrastructures. quality health in Africa,” said Adesina.

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