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COFACE: PHARMACEUTICAL INDUSTRY REVIEW
(Positive Outlook)
By Saijil Singh, lead analyst, Coface South Africa
Coface, the international credit insurer,
has released its latest industry risk
review covering the Pharmaceutical
sector. The pharmaceutical industry is
the largest of its kind in Africa, and has
been identified by government as a key
driver of economic growth; ensuring
affordable healthcare is available to the
private and public health sector. While
the industry remains dominated by local
companies, a number of multinationals
distribute and some have become
involved in local manufacturing. The
country has a relatively well-developed
industry, comprising a complex network
of manufacturers, distributors and
dispensers. Domestic companies
produce, almost exclusively, generic
pharmaceuticals, which are mainly
targeted at the local market. Very little is
exported, and what is, normally makes
its way to other African countries.
Government has earmarked the South
African pharmaceutical industry as an
area of growth. Preference will be given
to local companies when it comes to
national tenders for the supply of
medicine. Change is likely to continue in
the areas of funding and industry
SENIOR BUSINESS DEVELOPMENT DIRECTOR SA AND SSA
QUINTILES COMMERCIAL SOLUTIONS
is looking for a Gauteng based, Senior Business Development Director
having a proven track record with more than 10 years of experience in
Pharmaceutical Sales or Marketing Management and with a solid
understanding of commercial principles.
structure with a view to providing
increased access to healthcare to all
South Africans as efficiently and costeffectively
as possible. Plans announced
by government to build SA's first active
public sector pharmaceutical ingredients
(API) plant, in a joint venture between
the South African government through
Pelchem and a leading global
pharmaceutical company Lonza. This is
an example of a public-private
partnership being created to reduce
costs and increase accessibility.
Government expects the development
to boost South African drug makers and
multinationals who have invested in
local manufacturing.
Companies operating in this sector
normally secure large-scale and longterm
tenders from the public sector,
ensuring stable income levels and
minimal risk. Margins are often
predetermined and income guaranteed
with minimal chance of a major changes
in input costs. These companies are well
secured and run minimal risk of failure,
even though the sector traditionally
operates on low margins.
This position is suited to a candidate that preferably has extensive
product knowledge, as you will be dealing with a wide variety of clients
in the Pharmaceutical industry in both SA and SSA. The ideal candidate
will already have well established relationships within the industry, and
be in possession of a suitable tertiary qualification with excellent oral,
presentation, and written communication skills.
If you meet the abovementioned criteria, please register your CV with
Job Code: 1209481 at
https://quintiles.taleo.neticareersection/10000/jobsearch.ftl
PIASA WELCOMES 2012/2013
EXECUTIVE COUNCIL AND
PRESIDENT
The Pharmaceutical Industry Association
of South Africa (PIASA) is delighted to
announce that Pierre Bosch, Area
Director sub-Saharan Africa for Alcon
Laboratories, has been re-elected as the
industry body's president for 2012/2013.
"Pierre has more than 20 years'
experience in the pharmaceutical
industry and has been a member of the
PIASA Executive Council for the past four
years. His knowledge of the industry,
coupled with his enthusiasm, has added
immense value to the team and we are
delighted to welcome him as President
for a second year," says Vicki St Quintin,
COO for PIASA. Joining Bosch on the
PIASA management council is Laura
Engelbrecht-Joubert (Abbott
Laboratories), Jonathan Louw (Adcock
Ingram Healthcare) and Steve Speller
(Servier).
Other members of the executive council
for 2012/2013, who will offer strategic
direction and counsel to the association
include:
Guni Goolab (AstraZeneca
Pharmaceuticals);
Richard de Chastelain (Bayer Healthcare
Pharmaceuticals);
Barry Wren (Covidien);
Kobus Venter (Janssen);
Magnet de Wet (Key Oncologics);
Timothy Kedijang (Novo Nordisk); and
Amanda Wilde (Umsinsi Health Care).
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