Foundation research

African bank creates drug technology foundation

The body will promote African technology and negotiate alliances with foreign pharmaceutical companies

The African Development Bank has established an African Pharmaceutical Technology Foundation which it hopes will transform the continent’s pharmaceutical industry.

In the same vein, on June 27, the bank also pledged to spend US$3 billion over the next 10 years to support the pharmaceutical and vaccine manufacturing sector in Africa as part of its action plan. pharmaceutical Vision 2030.

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