Pharmaceuticals No. 2 on Cuba’s Export List in ’07

August 8, 2008

HAVANA – Cuba’s pharmaceutical industry generated $350 million in exports in 2007, ranking second in foreign sales behind nickel and coming in ahead of traditional products such as tobacco, rum and sugar, the official press reported last week.

“According to figures from the Basic Industry Ministry’s pharmaceutical group, Cuba earned some $350 million in 2007 from the sale abroad of some 180 medicines,” including both generic and biotechnology products, Bohemia magazine said in its online edition.

Cuba’s pharmaceuticals line-up includes vaccines for type B meningococcal meningitis, hepatitis B and influenza, as well as Heberprot P for the treatment of diabetic foot ulcers and interferon.

Bohemia noted “the close linkages in innovation, development and production between the extensive network of research centers and the medicine plants” in Cuba, adding that “unlike traditional exports,” the production of medicines and medical equipment is “a particularly strong option” for the domestic economy.

Cuba’s pharmaceutical industry plans to open three new plants this year for the production of ampules, syringes and freon-free aerosols.

In 2006, Cuba’s biotechnology industry, according to official figures, exported 38 medicines to 40 countries, generating sales of more than $50 million.

Currently, the island has joint ventures with South Africa, India and China, as well as technology transfer agreements with Brazil and Iran, and joint development deals with several countries, among them Venezuela, Vietnam and China.

 

Facebook Comments

You may be interested

Ballet Festival 2019 part of Costa Rica’s flourishing dance scene
Arts & Culture
19 views
Arts & Culture
19 views

Ballet Festival 2019 part of Costa Rica’s flourishing dance scene

Jacob Spetzler - May 24, 2019

A convergence of international ballet classes, performances and meetings manifests this week in the form of the Costa Rican Festival…

Tico wins gold medal at Para Athletics Grand Prix
Costa Rica
10 views
Costa Rica
10 views

Tico wins gold medal at Para Athletics Grand Prix

Alejandro Zúñiga - May 24, 2019

When Sherman Güity lost part of his left leg after a traffic accident in 2017, he pledged to return to…

USNS Comfort mission to stop in Costa Rica this year
Costa Rica
22 views
Costa Rica
22 views

USNS Comfort mission to stop in Costa Rica this year

Alejandro Zúñiga - May 24, 2019

Costa Rica will receive the USNS Comfort, a United States Navy hospital ship, as part of the vessel's five-month medical…

Do NOT follow this link or you will be banned from the site!