Pharmaceuticals sector

Companies

Quality Chemical shareholders approve $51m credit facilities

Quality Chemical Industries Limited shareholders voted in favour of the pharmaceutical company's $51m credit facilities provided by Stanbic Bank that will help it increase manufacturing capacity and introduce new products
A group of men on a guided tour, directed by another man, in a pharmaceuticals factory
CompaniesScience & Technology

Quality Chemicals secures $36mn funding from Stanbic Bank to expand production

Quality Chemical Industries Limited, the pharmaceutical company, has secured a $36mn debt facility from Stanbic Bank Uganda for the construction of a second manufacturing facility
Two men signing a host of financing documents
HealthScience & Technology

HIV breakthrough: trial shows twice-yearly injection 100% effective against infection

Current HIV prevention tools, such as PrEP, have failed to stop new infections, especially among young people; scientists believe the new drug could remove unpredictability and barriers
The Central African Republic has one of the highest HIV infection rates in the region. To help stop the spread of the disease, humanitarian and development organisations are teaching young people — like the scout in this September 2007 photo — about risks and prevention.
Companies

Cipla Quality Chemical Industries drops Cipla as part of name change

Cipla sold its stake in the drugmaker last November to Africa Capitalworks SSA 3, a Mauritius-based investment vehicle controlled by a South African equity fund
The pharmaceutical manufacturing plant of Quality Chemical Industries Ltd in Luzira, Kampala. The company manufactures and sells antiretroviral medicines for HIV/AIDS, artemisinin-based combination therapies for malaria and hepatitis B medicines using technology from Cipla Limited.