• What we do
  • The People
  • About Us
  • Why Innovation Africa
  • Contact Us
Innovation AfricaCreating the Future Today
  • Feature Articles
  • Innovation
  • Agriculture
  • ICT
  • Technology
  • Entrepreneurship
  • Health
  • Store
  • Contact Us
Menu
  • Feature Articles
  • Innovation
  • Agriculture
  • ICT
  • Technology
  • Entrepreneurship
  • Health
  • Store
  • Contact Us
  • How big money is fighting HIV and malaria in Uganda

    July 24, 2013 Editor 0

    Impact investors wondering where the big money is should look no farther than Quality Chemical Industries, whose multi-million dollar headquarters produces low-cost antiretroviral drugs while spurring local manufacturing.

    A June Financial Times article highlights the impressive changes that have occurred since the $32 million facility opened in 2007:

    QCI [brought] down the cost of a pack of 24 malaria tablets from $5 to $1.50, greatly increasing access to these vital medicines. The effects have been dramatic, and death rates from malaria in Uganda have dropped from 400 to 200 people per day. … Over the past five years, the company has helped to increase the number of patients receiving [antiretroviral] treatment from 140,000 to around 500,000.

    The company is doing so well that it has announced it will build a second $55 million office in Uganda with hopes of exporting its drugs to other east African countries.

    However, growth has been held back by government subsidies of more expensive, imported drugs. While CEO Emmanuel Katongole believes profit shouldn’t override social impact, he wants to end the subsidies and grow a local pharmaceutical industry in Uganda.

    In fact, a local solution may soon be the only solution. According to the company’s website, a new free trade agreement will cause the price of medication imported from India to skyrocket, while countries like Uganda will be allowed to continue producing the same drugs without paying for intellectual property rights. For Katongole, a potential health crisis creates a business opportunity: If the government and NGOs have to pay more for Indian generics, there will be more demand for his cheaper medications.

    Read more about Quality Chemical Industries here.

    QCI’s drugs fight malaria at a much lower cost than imported pharmaceuticals. Photo: US Army Africa (flickr)

    Go to Source

    Related Posts

    • New technology delivers sustained release of drugs for up to 6 months
    • Using storytelling to elicit tacit knowledge from SMEsUsing storytelling to elicit tacit knowledge from SMEs
    • Micro-Franchising: How Business-in-a-Box Can Change DevelopmentMicro-Franchising: How Business-in-a-Box Can Change Development
    • Which Innovation ModelWhich Innovation Model
    • The Growth Accelerator – Managing Innovation Based GrowthThe Growth Accelerator – Managing Innovation Based Growth
    • Building a business that combines human experts and data scienceBuilding a business that combines human experts and data science
    Sovrn
    Share

    Categories: Development

    Tags: antiretroviral, Chemical Industries, drugs, malaria in Uganda

    How New Technologies Can Make Every Voice Count in Government Activities 4 revolutionary business models

    Leave a Reply Cancel reply

    You must be logged in to post a comment.

Subscribe to our stories


 

Recent Posts

  • SL Crowd Green Solutions September 21, 2020
  • Digital transformation in the banking sector: surveys exploration and analytics August 3, 2020
  • Why Let Others Disrupt You? Take the Smart Self-Disruption Journey! August 3, 2020
  • 5 Tips for Crowdfunding During the Pandemic August 3, 2020
  • innovation + africa; +639 new citations August 3, 2020

Categories

Archives

Popular Post-All time

  • A review on biomass-based... 0.9k views
  • Can blockchain disrupt ge... 697 views
  • Prize-winning projects pr... 692 views
  • Apply Now: $500,000 for Y... 612 views
  • Test Your Value Propositi... 537 views

Recent Posts

  • SL Crowd Green Solutions
  • Digital transformation in the banking sector: surveys exploration and analytics
  • Why Let Others Disrupt You? Take the Smart Self-Disruption Journey!
  • 5 Tips for Crowdfunding During the Pandemic
  • innovation + africa; +639 new citations
  • SME Innovation: 10 Priorities for Support Post-COVID-19 
  • Africa RISING Annual Progress Report 2018 – 2019 now available
  • Fodder beet feed supplementation delivers dairy success for Ethiopian farmers
  • Using theory of change for outcome-oriented research
  • Africa RISING partners publish soil fertility management guidebook

Tag Cloud

    africa African Agriculture Business Business model Business_Finance Company Crowdsourcing data Development East Africa economics Education Entrepreneur entrepreneurs Entrepreneurship ethiopia ghana Health_Medical_Pharma ict Information technology Innovation kenya knowledge Knowledge Management Leadership marketing mobile Mobile phone nigeria Open innovation Organization Research rwanda science Science and technology studies social enterprise social entrepreneurship south africa Strategic management strategy tanzania Technology Technology_Internet uganda

Categories

Archives

  • A review on biomass-based hydrogen production for renewable energy supply 0.9k views
  • Can blockchain disrupt gender inequality? 697 views
  • Prize-winning projects promote healthier eating, smarter crop investments 692 views
  • Apply Now: $500,000 for Your Big Data Innovations in Agriculture 612 views
  • Test Your Value Proposition: Supercharge Lean Startup and CustDev Principles 537 views

Copyright © 2005-2020 Innovation Africa Theme created by PWT. Powered by WordPress.org