Reuters (2/13, Berton) reports that a surge in
economic growth in Africa is attracting pharmaceutical giants, such as
GlaxoSmithKline and Novartis, to expand their presence on the continent. The
drug makers say one of the biggest incentives is the market to treat chronic
diseases among the Middle Classes. Moreover, according to the most recent data
from the IMS, by 2016, Africa's 10.6 percent annual growth rate will help boost
its pharmaceutical spending to as much as $30 billion; and analysts are
projecting that by 2020, the market will reach $45 billion. However, the
potential benefits are not without challenges. Yet, even the recent violence in
Mali and Algeria wasn't enough to deter Paris-based Sanofi SA from moving
forward with what will be its third drug-manufacturing facility in Africa.
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 | DIA Daily. This daily enewsletter features summaries of breaking news and information about the pharmaceutical, biotechnology, and medical device fields from thousands of global news sources. This easy-to-read enewsletter is delivered to your inbox every business morning. |
Subscribe to the DIA Daily.
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iPhone and iPad Apps available! Download "BulletinHC."DIA Daily is a digest of the most important news selected from thousands of sources by the editors of BulletinHealthcare. The presence of content or advertising does not endorse, nor imply endorsement of, any products or services by the Drug Information Association. Neither BulletinHealthcare nor the Drug Information Association is liable for the use of or reliance on any information contained in this briefing.
If you would like more information about, or have a question pertaining to, DIA Membership and its benefits, please email membership@diahome.org.Click here to check your membership status.
Drug Information Association | 800 Enterprise Road, Suite 200 | Horsham, PA 19044
Copyright © 2012 by BulletinHealthcare| 11190 Sunrise Valley Drive, Suite 130 | Reston, VA 20191
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