CAPS Financial Nosedive Illustrates Challenges For Domestic Drugmakers

BMI View: Uncompetitive local drugmakers in Zimbabwe can only survive with government intervention or foreign direct investment (FDI). This help needs to come in the form of protectionist purchasing policies or, preferably, investment in local manufacturers to make them more competitive with foreign generic drugmakers, particularly from India and China. BMI urges investment over protectionism because, while import bans on certain drugs have allowed some companies to limp on, it has left citizens paying some of the highest prices in the world for essential generic

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