Emzor Pharmaceuticals to Build $23 Million Anti-Malarial Facility in Sagamu

Date:

Emzor Pharmaceuticals has announced plans to erect an Active Pharmaceutical Ingredients (API) facility in Sagamu, Ogun State, valued at $23 million (approximately N25 billion). Kunle Faloye, Head of Marketing and Strategy, and Uzoma Ezeoke, Executive Director at Emzor Pharmaceuticals, confirmed this development.

Thank you for reading this post, don't forget to subscribe!

The construction of this API plant signifies a significant step toward local production of vital pharmaceutical ingredients crucial for manufacturing anti-malarial drugs. Emzor’s initiative not only strengthens the anti-malarial supply chain but also expands pharmaceutical manufacturing capacity across Africa.

Aligned with Sustainable Development Goal 3, aimed at ensuring longer and healthier lives for all, Emzor’s endeavor promises to shield millions of Africans from disease and disability, particularly targeting the pervasive threat of malaria.

The API facility, upon completion, will be Nigeria and Africa’s first anti-malarial API manufacturing plant, producing an estimated 400 metric tonnes of quality APIs annually. This milestone is expected to greatly accelerate the fight against malaria on the continent.

In October last year, during the EU-Nigeria Strategic Dialogue, the European Investment Bank (EIB) pledged 14 million Euros in funding to Emzor Pharmaceutical Industries Limited. This investment aims to bolster the fight against malaria in Africa by facilitating the construction of Nigeria’s inaugural anti-malaria API manufacturing plant.

By reducing Nigeria’s dependence on imported APIs, the project is poised to revolutionize the healthcare sector, focusing on the production of high-quality and affordable anti-malarial drugs. Emzor Pharmaceuticals has also collaborated with India’s Mangalam Drugs and Organics Limited for technology transfer training, testing, and initial production at the site.


Discover more from Naija247news

Subscribe to get the latest posts to your email.

Peter Okafor
Peter Okaforhttp://Naija247news.com
Peter Okafor Financial Journalist | Editor | Contributor Overview: Peter Okafor is a seasoned Financial Journalist, astute Editor, and valued Contributor at Naija247news Media Group. With an unwavering passion for dissecting complex financial landscapes, Peter has become a trusted name in delivering incisive and insightful coverage of economic events, market trends, and corporate dynamics. Professional Journey Peter's journey in financial journalism has been marked by a commitment to excellence. Joining the ranks of Naija247news, he has consistently demonstrated a keen understanding of the intricate interplay between finance and the global socio-economic fabric. Expertise: Specializing in financial markets, economic analyses, and business developments, Peter Okafor has honed his expertise over the years. His ability to unravel intricate financial narratives and present them in a comprehensible manner sets him apart in the world of financial journalism. Contributions As an Editor and Contributor, Peter has played a pivotal role in shaping the narrative of Naija247news. His contributions extend to thought-provoking articles, in-depth market analyses, and coverage of key events that impact the financial landscape. Educational Background: Peter holds a degree in Journalism, complemented by specialized courses in Finance and Business Reporting. His educational foundation has provided him with the tools to navigate the intricate world of financial journalism. Innovation and Adaptability: In an era of evolving media landscapes, Peter Okafor exemplifies innovation and adaptability. Leveraging digital platforms and emerging technologies, he ensures that financial insights reach a diverse audience, fostering financial literacy and awareness. Awards and Recognition: Peter's commitment to journalistic excellence has not gone unnoticed. He has been the recipient of several awards, recognizing his outstanding contributions to the field of financial journalism. Vision for the Future: Looking ahead, Peter Okafor envisions a future where financial journalism continues to empower individuals, shape economic policies, and drive positive change. His dedication to staying at the forefront of financial news underscores his commitment to this vision. Connect with Peter Okafor: - LinkedIn: [Peter Okafor](#) - Twitter: [@PeterOkafor_N247](#) In the dynamic realm of financial journalism, Peter Okafor stands as a stalwart, combining experience, expertise, and a forward-looking vision to illuminate the path of financial understanding for a global audience.

Share post:

Subscribe

Popular

More like this
Related

Okomu Oil Seeks Govt, Stakeholders Support Amidst Bandits Attacks

May 25, 2024. Azonuchechi Chukwu. The management of Okumu Oil Palm...

Investors Lose N290bn as NGX Delists Arbico Plc

May 25, 2024. Azonuchechi Chukwu. The Nigerian Exchange Ltd. (NGX) says...

20 States in United States remove degree requirements from government jobs

Over the past two years, more than 20 states...

“I did not announce a ban on smoking and ritual scenes in movies – NFCVB Chief

May 25, 2024. Azonuchechi Chukwu. The Executive Director of the National...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading