Bernd Rosenkranz writing in Quartz:
Africa’s pharmaceutical industry is one of the world’s fastest growing. In just ten years it has exploded—growing from US$4.7 billion in 2003 to US$20.8 billion in 2013. And based on projections for the next five years, the need for prescription medicines, generics, over-the-counter medicines and medical devices on the continent is estimated to grow by between 6% and 11%. Despite the boom, the continent’s pharmaceutical industry faces several challenges that will stifle its growth. Africa has a dire shortage of specialists to conduct clinical research and develop novel medicines to tackle diseases on the continent. In addition, the regulation of the industry and new medicines is also not standardized...[more]