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African Development Bank’s Board approves landmark institution: Establishment of African Pharmaceutical Technology Foundation to transform Africa’s pharmaceutical industry

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  The Board of Directors of the African Development Bank www AfDB org approved the establishment of the African Foundation for Pharmaceutical Technology a pioneering new institution that will significantly improve Africa s access to the technologies that underpin the manufacture of medicines vaccines and other pharmaceutical products products African Development Bank Group President Dr Akinwumi Adesina said This is a breakthrough for Africa Africa must have a health defense system which must include three main areas renewing Africa s pharmaceutical industry developing Africa s vaccine manufacturing capacity and building Africa s quality healthcare infrastructure During the African Union Summit in Addis Ababa in February 2022 the continent s leaders called on the African Development Bank to facilitate the establishment of the African Pharmaceutical Technology Foundation Adesina who presented the institution s case to the African Union said Africa can no longer outsource the security of health care for its 1 3 billion citizens to the benevolence of others With this bold initiative the African Development Bank has delivered on that commitment The decision is a huge boost to the health prospects of a continent that has been battered for decades by the burden of various diseases and pandemics like Covid19 but with severely limited capacity to produce its own medicines and vaccines Africa imports more than 70 of all the medicines it needs spending 14 billion a year Global efforts to rapidly expand the manufacturing of essential pharmaceuticals including vaccines in developing countries particularly in Africa to ensure greater access have been hampered by the protection of intellectual property rights and patents on technologies know how manufacturing processes and trade secrets African pharmaceutical companies do not have the scouting and bargaining power nor the bandwidth to engage with global pharmaceutical companies They have been marginalized and left behind in complex global pharmaceutical innovations Recently 35 companies signed a license with Merck in the United States to produce nirmatrelvir a drug against covid 19 None of them were African There is no institution on the ground in Africa to support the practical implementation of Trade Related Intellectual Property Rights TRIPS on non exclusive or exclusive licensing of proprietary technologies knowledge and processes The African Foundation for Pharmaceutical Technology will fill this important and obvious gap When fully established it will have world class experts in pharmaceutical innovation and development intellectual property rights and health policy acting as a transparent broker that promotes and negotiates the interests of the African pharmaceutical sector with global pharmaceutical companies and others from the South to share proprietary IP protected technologies knowledge and processes Adesina said Even with the TRIPS Waiver decision at the World Trade Organization WTO millions are dying and most likely will continue to die for lack of vaccines and effective protection The African Pharmaceutical Technology Foundation provides a practical solution and will help tilt access to proprietary technologies knowledge techniques and processes in favor of Africa The World Trade Organization and the World Health Organization respectively welcomed and praised the African Development Bank s decision to establish the African Pharmaceutical Technology Foundation World Trade Organization Director General Dr Ngozi Okonjo Iweala said The African Pharmaceutical Technology Foundation is innovative thinking and action from the African Development Bank It provides some of the infrastructure needed to secure an emerging pharmaceutical industry in Africa World Health Organization Director General Dr Tedros Ghebreyesus said The establishment of the African Pharmaceutical Technology Foundation by the African Development Bank is a game changer in accelerating access for pharmaceutical companies African companies to technologies and knowledge protected by IP like in Africa The African Pharmaceutical Technology Foundation will prioritize technologies products and processes focused primarily on diseases that are widely prevalent in Africa including current and future pandemics It will also develop human and professional skills the research and development ecosystem and support the improvement of manufacturing plant capabilities and regulatory quality to meet World Health Organization standards While the African Pharmaceutical Technology Foundation is established under the auspices of the African Development Bank it will operate independently and raise funds from various stakeholders including governments development finance institutions philanthropic organizations among others The Foundation will drive the African Development Bank s commitment to spend at least 3 billion over the next 10 years to support the pharmaceutical and vaccine manufacturing sector under its Vision 2030 Pharmaceutical Action Plan The Foundation s areas of work also they will be an asset to all other current investments in pharmaceutical production in Africa Rwanda will host the African Foundation for Pharmaceutical Technology As a common benefit entity the Foundation will have its own governance and operating structures It will promote and negotiate alliances between foreign and African pharmaceutical companies The African Pharmaceutical Technology Foundation will empower local pharmaceutical companies to engage in local production initiatives with systematic technology learning and plant level technology upgrading The Foundation will work with African governments research and development centers of excellence to strengthen the regional pharmaceutical and vaccine innovation ecosystem for Africa and develop the skills needed for the pharmaceutical sector to flourish It will also promote closer coordination of the various drug and vaccine manufacturing initiatives underway at the regional level to increase collaborative linkages harness synergies and partnerships in a pan African context The African Pharmaceutical Technology Foundation will work closely with the African Union Commission the European Union Commission the World Health Organization the Medicines Patent Fund the World Trade Organization philanthropic organizations agencies and bilateral and multilateral institutions and will foster collaboration among the public and the private sectors of developed and developing countries
African Development Bank’s Board approves landmark institution: Establishment of African Pharmaceutical Technology Foundation to transform Africa’s pharmaceutical industry

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Board of Directors of the African Development Bank

The Board of Directors of the African Development Bank (www.AfDB.org) approved the establishment of the African Foundation for Pharmaceutical Technology, a pioneering new institution that will significantly improve Africa’s access to the technologies that underpin the manufacture of medicines, vaccines and other pharmaceutical products. products

nigerian new today

nigerian new today

African Development Bank Group President Dr

African Development Bank Group President Dr. Akinwumi Adesina said: “This is a breakthrough for Africa. Africa must have a health defense system, which must include three main areas: renewing Africa’s pharmaceutical industry, developing Africa’s vaccine manufacturing capacity, and building Africa’s quality healthcare infrastructure.”

African Union Summit in Addis Ababa in February

During the African Union Summit in Addis Ababa in February 2022, the continent’s leaders called on the African Development Bank to facilitate the establishment of the African Pharmaceutical Technology Foundation. Adesina, who presented the institution’s case to the African Union, said: “Africa can no longer outsource the security of health care for its 1.3 billion citizens to the benevolence of others.” With this bold initiative, the African Development Bank has delivered on that commitment.

The decision is a huge boost to the health prospects of a continent that has been battered for decades by the burden of various diseases and pandemics like Covid19, but with severely limited capacity to produce its own medicines and vaccines. Africa imports more than 70% of all the medicines it needs, spending $14 billion a year.

Global efforts to rapidly expand the manufacturing of essential pharmaceuticals, including vaccines, in developing countries, particularly in Africa, to ensure greater access, have been hampered by the protection of intellectual property rights and patents on technologies , know-how, manufacturing processes and trade secrets.

United States

African pharmaceutical companies do not have the scouting and bargaining power, nor the bandwidth to engage with global pharmaceutical companies. They have been marginalized and left behind in complex global pharmaceutical innovations. Recently, 35 companies signed a license with Merck in the United States to produce nirmatrelvir, a drug against covid-19. None of them were African.

Trade Related Intellectual Property Rights

There is no institution on the ground in Africa to support the practical implementation of Trade Related Intellectual Property Rights (TRIPS) on non-exclusive or exclusive licensing of proprietary technologies, knowledge and processes.

African Foundation for Pharmaceutical Technology

The African Foundation for Pharmaceutical Technology will fill this important and obvious gap. When fully established, it will have world-class experts in pharmaceutical innovation and development, intellectual property rights and health policy; acting as a transparent broker that promotes and negotiates the interests of the African pharmaceutical sector with global pharmaceutical companies and others from the South to share proprietary IP-protected technologies, knowledge and processes.

TRIPS Waiver

Adesina said: “Even with the TRIPS Waiver decision at the World Trade Organization (WTO), millions are dying, and most likely will continue to die, for lack of vaccines and effective protection. The African Pharmaceutical Technology Foundation provides a practical solution and will help tilt access to proprietary technologies, knowledge, techniques and processes in favor of Africa.”

World Trade Organization

The World Trade Organization and the World Health Organization, respectively, welcomed and praised the African Development Bank’s decision to establish the African Pharmaceutical Technology Foundation.

World Trade Organization Director-General Dr

World Trade Organization Director-General Dr. Ngozi Okonjo-Iweala said: “The African Pharmaceutical Technology Foundation is innovative thinking and action from the African Development Bank. It provides some of the infrastructure needed to secure an emerging pharmaceutical industry in Africa.”

World Health Organization Director-General Dr

World Health Organization Director-General Dr Tedros Ghebreyesus.said: “The establishment of the African Pharmaceutical Technology Foundation, by the African Development Bank, is a game changer in accelerating access for pharmaceutical companies African companies to technologies and knowledge protected by IP. like in Africa.

African Pharmaceutical Technology Foundation

The African Pharmaceutical Technology Foundation will prioritize technologies, products and processes focused primarily on diseases that are widely prevalent in Africa, including current and future pandemics. It will also develop human and professional skills, the research and development ecosystem, and support the improvement of manufacturing plant capabilities and regulatory quality to meet World Health Organization standards.

African Pharmaceutical Technology Foundation

While the African Pharmaceutical Technology Foundation is established under the auspices of the African Development Bank, it will operate independently and raise funds from various stakeholders including governments, development finance institutions, philanthropic organizations, among others.

African Development Bank

The Foundation will drive the African Development Bank’s commitment to spend at least $3 billion over the next 10 years to support the pharmaceutical and vaccine manufacturing sector under its Vision 2030 Pharmaceutical Action Plan. The Foundation’s areas of work also they will be an asset to all other current investments in pharmaceutical production in Africa.

African Foundation for Pharmaceutical Technology

Rwanda will host the African Foundation for Pharmaceutical Technology. As a common benefit entity, the Foundation will have its own governance and operating structures. It will promote and negotiate alliances between foreign and African pharmaceutical companies.

African Pharmaceutical Technology Foundation

The African Pharmaceutical Technology Foundation will empower local pharmaceutical companies to engage in local production initiatives with systematic technology learning and plant-level technology upgrading.

The Foundation will work with African governments, research and development centers of excellence to strengthen the regional pharmaceutical and vaccine innovation ecosystem for Africa and develop the skills needed for the pharmaceutical sector to flourish.

It will also promote closer coordination of the various drug and vaccine manufacturing initiatives underway at the regional level to increase collaborative linkages, harness synergies and partnerships in a pan-African context.

African Pharmaceutical Technology Foundation

The African Pharmaceutical Technology Foundation will work closely with the African Union Commission, the European Union Commission, the World Health Organization, the Medicines Patent Fund, the World Trade Organization, philanthropic organizations, agencies and bilateral and multilateral institutions, and will foster collaboration among the public. and the private sectors of developed and developing countries.

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