BUSINESS NEWS

NatPharm to open retail pharmacies

THE National Pharmaceuticals Company (NatPharm) will soon establish retail pharmacies that will dispense drugs at affordable prices and accept forms of payment accessible to the majority as Government...

By Staff reporter | Published: 03 February 2019

BUSINESS NEWS

Mnangagwa to wield axe on pharmaceuticals

Players in the pharmaceutical industry insisting on charging medical drugs and other consumables in foreign currency despite receiving support from the central bank are set to lose their routine forei...

By Business Weekly | Published: 30 November 2018

BUSINESS NEWS

Pharmacists heed govt warning on US$ pricing

PHARMACEUTICAL companies yesterday said they had heeded government's directive to stop demanding hard currency for drugs, but pleaded with the Reserve Bank of Zimbabwe to consistently allocate them ad...

By Staff reporter | Published: 26 November 2018

POLITICS

Pharmacies, retailers to lose licences, says Mnangagwa

PRESIDENT Emmerson Mnangagwa has said pharmacies that demand foreign currency for medicine and medical provisions will lose their licences.The Head of State and Government said his administration woul...

By Staff reporter | Published: 25 November 2018

BUSINESS NEWS

Bitter pill to swallow for greedy Zimbabwe pharmacies

PHARMACEUTICAL and Chemical Distributors (PCD), a local drug distributor, has revealed that it is supplying pharmaceuticals to pharmacies in bond note currency and transfers, which they resale in Unit...

By Staff reporter | Published: 23 November 2018

BUSINESS NEWS

Government calls rogue pharmacies to order

GOVERNMENT has directed pharmacies to stop demanding foreign currency from patients for drugs which are now available locally through NatPharm. In an interview at the close of the 67th East, Central a...

By Staff reporter | Published: 15 November 2018

INDUSTRIALS & ENERGY

$25m pharmaceutical warehouse project stalled

THE construction of a $25 million state-of-the-art national pharmaceutical warehouse funded by China has hit another snag after the government shifted goal posts yet again.Beijing and Harare signed an...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

Pharmacists de-registered over malpractice

Over 400 pharmacists have been deregistered by the Pharmacists Council of Zimbabwe (PCZ) and will not be allowed to practice in Zimbabwe.PCZ registers pharmacists, develops standards, codes and guidel...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

Pharmaceutical sector near deathbed

THE local pharmaceutical industry access only 10% of its foreign currency requirements from the Reserve Bank of Zimbabwe (RBZ) monthly, a situation that has left the industry teetering on the brink of...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

Call on the RBZ to prioritise the pharmaceutical industry

THE pharmaceutical industry needs about $10 million foreign currency allocation per month to operate optimally but is only receiving 10 percent of the requirement from the Reserve Bank of Zimbabwe.In ...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

Bulawayo to host annual pharmaceutical congress

BULAWAYO will next week host the joint annual congress for Primary Health Care Physicians of Zimbabwe and Pharmaceutical Society of Zimbabwe, which is expected to draw foreign delegates.A member of th...

By Staff reporter | Published: 16 May 2018

BUSINESS NEWS

UBH private pharmacy shut down

THE Medicines Control Authority of Zimbabwe (MCAZ) last week closed down United Bulawayo Hospitals 24-hour private pharmacy which was allegedly operating illegally at the hospital premises resulting i...

By Staff reporter | Published: 16 April 2018

BUSINESS NEWS

Pharmacies in 70% price hike

PHARMACIES in Zimbabwe have hiked drug prices by up to 70 percent over the past three weeks and some are demanding payment in United States dollars only, it has emerged.In a statement, the Association...

By Staff reporter | Published: 20 October 2017

Aspen Pharmacare under UK anti-trust investigation

Britain's competition regulator has launched an investigation into Africa's biggest generic drug maker Aspen Pharmacare over alleged anticompetitive conduct in the supply of blood pressure and arthrit...

By Reuters | Published: 16 October 2017

BUSINESS NEWS

Reprieve for pharmaceutical exporters

As part of the ongoing Ease of Doing Export Business - Rapid Results Initiative (RRI), the Medicines Control Authority of Zimbabwe (MCAZ), through the Ministry of Health and Child Care recently reduce...

By Staff reporter | Published: 22 September 2017

BUSINESS NEWS

Forex shortages hard hit pharmaceutical industry

THE pharmaceutical industry is struggling to import critical medication due to the crippling payments gridlock in the financial services sector, a development which is likely to impact negatively to t...

By Staff reporter | Published: 10 September 2017

OPINION

Manufacturing pharmaceuticals: An untapped opportunity

Ever since the high tech generic drug production facility, Cinpharm-Cameroon, was set up, it is relatively easier for Cameroonians to have access to medicines. Now a low wage earner can access a cour...

By Carlos Lopes I BH24 | Published: 26 June 2014

INDUSTRIALS & ENERGY

Govt owes Nat-Pharm $11 million

The country's pharmaceutical sector is ailing, with the National Pharmaceutical Company (Nat-Pharm) failing to pay pharmaceutical companies while it is also owed about $11 million by the government.Un...

By Staff reporter | Published: 24 April 2014

INDUSTRIALS & ENERGY

QV slowly getting out of the woods

QV pharmacies is set to be placed under final judicial management after the company recorded a slight increase in gross profit for the two months ending 28 February 2014.The company recorded a 5 perce...

By Staff reporter | Published: 04 April 2014

INDUSTRIALS & ENERGY

QV contests judicial management order

QV Pharmacies has appealed to the High Court to overturn an order placing it under provisional judicial management arguing the order was "clandestinely" obtained.  Mr Winsley Militala of Petwin E...

By Martin Kadzere | Published: 14 March 2014

INDUSTRIALS & ENERGY

QV Pharmacies put under judicial management

One of Zimbabwe's leading pharmaceutical companies, QV Pharmacy has been placed under provisional judicial management.High Court judge, Justice Charles Hungwe granted the provisional order and placed ...

By Staff reporter | Published: 31 January 2014

INDUSTRIALS & ENERGY

Duty reduction excite pharmaceuticals sector

The local pharmaceuticals industry is optimistic that the proposed reduction of duty on raw materials as outlined in the 2014 national budget will be implemented, thereby aiding the recovery of the se...

By Staff reporter | Published: 21 January 2014

INDUSTRIALS & ENERGY

CAPS Pharmaceuticals has collapsed

DRUG manufacturing company CAPS Pharmaceuticals has collapsed after the firm's factory premises in Harare's Southerton industrial area was last week auctioned for US$1,5 million cash.This was after t...

By Business reporter | Published: 22 July 2013

INDUSTRIALS & ENERGY

Varichem Pharmcare employees not happy

Varichem Pharmaceuticals, a wholly indigenised company, employees are complaining that the appointment of Alexio Muchabaiwa as the company's Managing Director has created a lot of problems affecting...

By Business reporter | Published: 03 July 2013
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