Cuba USA
Source: telesur
The Cuban government will help Bolivia launch it's first pharmaceutical production complex.
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Cuba USA
Cuba to build pharma complex in Bolivia
Source: telesur
The Cuban government will help Bolivia launch it's first pharmaceutical production complex.
The Cuban state-owned pharmaceutical and chemical company Labiofam announced that it will construct a factory in Bolivia that would allow the country to fulfill 100 percent of its demand for basic medicine, which updated it’s list of essential medicines last month.
The plant is scheduled to be operational by 2020 and will provide pharmaceutical goods that will benefit both countries and in other countries across the Latin America region.
The two countries signed a cooperation agreement last May, which seeks to boost and incentivize local production of medicines across Latin America.
Currently, Bolivia imports 70 percent of the pharmaceuticals used in the country at an estimated cost of US$56.4 million dollars a year.
Labiofam director general Jose Antonio Fraga told Reuters that the project has the potential to significantly reduce prices and improve access for certain medicines, with positive outcomes for Bolivian healthcare system.
"This is basically for poor people because they can't afford the prices set by the trans-nationals,"Fraga said. "So these industries will be subsidized by the state or their products will be sold at a very small profit margin, just to sustain themselves, not to get rich."
The announcement coincides with a recent decision made by Bolivian President Evo Morales who stated that his government seeks to invest US$350 million in the local pharma industry in order to reduce dependence on international pharmaceutical imports.
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by Ángel Guerra Cabrera translation Cuba - Network in Defense of Humanity Evo Morales arrived at the presidency of Bolivia ten years ago. Few countries in the world have achieved in such a short time important economic, social, cultural and political...
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source TeleSur “Obama will remember that the worst error he made was the decree against Venezuela,” said Morales in an exclusive interview with teleSUR. Bolivian President Evo Morales, in an exclusive interview that aired on teleSUR Friday morning,...
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Source: juventud rebelde Along with the Director Generals of the World and Pan American Health Organizations, Army General Raúl Castro Ruz, President of the Councils of State and Ministers, presided over the inauguration of the new headquarters...
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