BusinessDay – ANC to push for state drugs maker
THE African National Congress (ANC) has instructed the Cabinet lekgotla to implement the creation of a state-owned pharmaceutical company in an attempt to improve access to medication at public healthcare facilities and cut government spending .
A state-owned drug maker might increase competition and persuade other pharmaceutical companies to lower their prices — which could lead to improved access to medicines.
The four-day lekgotla of the ANC’s national executive committee, which ended on Sunday, ordered the Cabinet’s lekgotla to work on the details of creating such a company. The Cabinet lekgotla is scheduled next week and its outcomes will influence the midterm budget.
ANC secretary-general Gwede Mantashe said at a press briefing yesterday a decision on how the state-owned pharmaceutical company would be established and how much it would cost would be taken by the Cabinet. “The ANC national executive committee is developing what I call physical budgets because you are talking to projects and actual programmes. But the actual financial budget is an issue that will be developed by the Cabinet,” he said.
Strange Random Pharmaceutical Quote:
Pharmaceuticals have become an increasingly important part of modern medicine, and our seniors shouldn’t have to worry about whether they can afford the medicines they need to stay healthy and maintain their independence. – Michael K. Simpson
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Posted on July 20, 2011, in Article and tagged African National Congress, Biotechnology and Pharmaceuticals, Budget, Business, Gwede Mantashe, Medicine, Pharmaceutical drug, Pharmaceutical industry, Pharmaceuticals. Bookmark the permalink. Leave a comment.