ADVERTISEMENT
TechEconomy
Saturday, June 7, 2025
No Result
View All Result
Advertisement
ADVERTISEMENT
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » CACPP Seeks Collaboration in the Fight Against Counterfeit Pharmaceutical Products

CACPP Seeks Collaboration in the Fight Against Counterfeit Pharmaceutical Products

Admin by Admin
November 29, 2022
in Commerce
0
Coalition Against Counterfeit Pharmaceutical Products (CACCP)
CACPP L-r: Dr. Ukamaka Okafor, Director, Pharmaceutical Council of Nigeria (PCN), Lagos Zonal Officer; Yomi Badejo-Okusanya, Group Managing Director, CMC Connect Limited; Olayinka Subair, West Africa Country Manager, Pfizer; Ayo Badmus, Nollywood Actor and Film Producer; Uba Florence, Deputy Director, Federal Task Force on Counterfeit Substandard Regulated Products Investigation and Enforcement – NAFDAC; Gafar Lanre Madehin, National Treasurer, Pharmaceutical Society of Nigeria; Femi Soremekun, President, Nigerian Representatives of Overseas Pharmaceutical Manufacturers (Niropharm), and Morris Nyarko, Country Manager -Nigeria, Astrazeneca, during the inaugural forum for the Coalition Against Counterfeit Pharmaceutical Products (CACPP) in Lagos on 28th of November 2022.

CACPP L-r: Dr. Ukamaka Okafor, Director, Pharmaceutical Council of Nigeria (PCN), Lagos Zonal Officer; Yomi Badejo-Okusanya, Group Managing Director, CMC Connect Limited; Olayinka Subair, West Africa Country Manager, Pfizer; Ayo Badmus, Nollywood Actor and Film Producer; Uba Florence, Deputy Director, Federal Task Force on Counterfeit Substandard Regulated Products Investigation and Enforcement – NAFDAC; Gafar Lanre Madehin, National Treasurer, Pharmaceutical Society of Nigeria; Femi Soremekun, President, Nigerian Representatives of Overseas Pharmaceutical Manufacturers (Niropharm), and Morris Nyarko, Country Manager -Nigeria, Astrazeneca, during the inaugural forum for the Coalition Against Counterfeit Pharmaceutical Products (CACPP) in Lagos on 28th of November 2022.

RelatedPosts

QNET direct selling model

Understanding QNET Direct Selling Business Model  

June 4, 2025

How You Can Get Up to 50% Discount on Konga

June 3, 2025
UBA
Advertisements

The Coalition Against Counterfeit Pharmaceutical Products (CACPP) an umbrella body in conjunction with Nigerian Representatives of Overseas Pharmaceutical Manufacturers (NiroPharm) and Pfizer is leading the charge in seeking collaborations between relevant stakeholders in the pharmaceutical industry in the fight against counterfeit pharmaceutical products in Nigeria.

To this end, CACPP invited relevant stakeholders in Nigeria to the inaugural forum of the Coalition Against Counterfeit Pharmaceutical Products to discuss the way forward in the fight against Counterfeit Pharmaceutical Products on the 28th of November, 2022 at the Protea Hotel by Marriot in Ikeja.

The convener, Yomi Badejo-Okusanya (YBO) while speaking on what informed his decision to form the coalition, said “It is borne out of the desire to take a firmer stand against counterfeit pharmaceutical products in Nigeria through engagement and advocacy, with hope to kick off an intense national advocacy campaign against counterfeit pharmaceutical products.”

Olayinka Subair West Africa Country Manager at Pfizer commented “Counterfeit medicines don’t cure any disease, rather they put patients’ health at risk because of their contents, it ultimately impedes the Nigerian Healthcare System. Lives are lost and medical conditions worsened due to this cankerworm. It is not an individual’s battle; it requires collective effort.”

He emphasized that “Nigerians need to champion the anti-counterfeit cause, especially as regards healthcare. We need to join hands together because there is no shortcut with health. Due process must be followed to get the best results. Unlike commodities, fake drugs are life-threatening. This means patients should only buy prescribed medicines from accredited pharmacies and not quacks or roadside vendors.”

A recent report by Punch Newspaper noted that the prevalence of fake drugs is a menace to over 200 million people in Nigeria 1.

Femi Soremekun, NIROPHARM President stated “In recent years, the fight against counterfeit pharmaceutical products has taken new dimensions due to the global influx of counterfeiting syndicates, it is like a race against time for pharmaceutical companies – the cost to our collective health and economies is enormous.

Over the years, pharmaceutical companies are perplexed as to how best to nip the challenges in the bud. The challenges are overwhelming owing to the sophistication of the activities of counterfeiters.

Combating counterfeit pharmaceutical products is a herculean task, one that requires strong collaborations between government agencies and key stakeholders because of the impact.”

For most African Nations, combating counterfeit pharmaceutical products is even more challenging due to the lack of synergy between key stakeholders in the pharmaceutical industry and government agencies.

To combat the illicit trade of counterfeit pharmaceutical products, there is a strong need for collaboration. Stakeholders must look beyond the surface which is most times in-ward – they must look at the root cause which in most cases boils down to (Identity) or patent, what marks counterfeit from original pharmaceutical products.

The Organization for Economic Co-operation and Development (OECD) and the European Union Intellectual Property Office (EUIPO) in a recent study titled “Trade in Counterfeit Pharmaceutical Products” opined that “The consequences for the economy and for citizens are serious. Trade in counterfeit goods not only damages economic growth but also undermines good governance, the rule of law and citizens’ trust in government, and can ultimately threaten political stability. In addition, in some cases, such as that of fake pharmaceuticals, counterfeit goods can have serious health and safety implications for citizens.

Loading

Advertisements
MTN ADS

Author

  • Admin

    TechEconomy is a Distinct News Media That Focuses on BUSINESSES, PEOPLE, PLATFORMS, INSTITUTIONS

    View all posts
0Shares
Tags: CACPPcounterfeit pharmaceutical productsNIROPHARMOECDPfizer
Previous Post

Interswitch, FIRS Partner to Sensitize Taxpayers on Benefits of Digital Remittance

Next Post

UK Reaffirms Commitment to Deepen £5.5 Billion Trade Relationship with Nigeria

Admin

Admin

TechEconomy is a Distinct News Media That Focuses on BUSINESSES, PEOPLE, PLATFORMS, INSTITUTIONS

Related Posts

QNET direct selling model
Commerce

Understanding QNET Direct Selling Business Model  

by Techeconomy
June 4, 2025
0

As individuals, we can all relate to recommending products we have used, liked and enjoyed to our family, friends and...

Read more
50% Discount on kOnga

How You Can Get Up to 50% Discount on Konga

June 3, 2025
Jumia Transforms Customer Experience with Sprinklr’s AI-Powered Platform | 13 Years

Jumia Marks 13 Years of e-Commerce Innovation in Nigeria

June 3, 2025
Nigeria NATEP

Nigeria Relaunches National Talent Export Programme (NATEP) to Unlock $1 Trillion Global Outsourcing Market

June 2, 2025
U.S., China Slash Tariffs in Surprise 90-Day Truce, Resetting Trade Divide

Why U.S. Tariffs Won’t Derail China’s Global Strategy

June 1, 2025
td africa Black Friday

Every Friday is Black Friday: TD Africa Turns Up the Heat on Tech Accessibility

May 27, 2025
Next Post
UK Trade Relationship with Nigeria

UK Reaffirms Commitment to Deepen £5.5 Billion Trade Relationship with Nigeria

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.