Efficient drugs regulator will aid generic medicine manufacturers, BMI says
Aspen, Adcock Ingram and other South African generic drugmakers stand to benefit from the introduction of a more efficient regulator and retailer Clicks’s expansion plans, BMI Research said in a note released on Wednesday. BMI estimated generic drugs sales in SA totalled R16.2bn in 2016, and expected this to grow to R40bn by 2026, equating to a compound annual growth rate of 9.5%. This growth will partly be thanks to the South African Health Products Regulatory Agency (Sahpra) replacing the Medicines Control Council (MCC) in April — if government meets its deadline. The new regulator’s first task will be to clear the backlog of 2,900 applications awaiting registration by the MCC. "The launch of Sahpra will see generic products being fast-tracked and brought to market much sooner than before, making newer generation molecules available to patients at a fraction of the cost," the report quotes Pharma Dynamics’ CEO Erik Roos saying. But BMI’s report noted that the establishment of Sahp...
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