Fidson Healthcare Plc, the leading Nigerian pharmaceutical company has signed a Strategic Cooperation Memorandum with Jiangsu Aidea Pharma, Nanjing PharmaBlock, and the China-Africa Development Fund in Beijing.
The signing ceremony took place on September 2, 2024, during a visit by a team from Nigeria led by Fidelis Ayebae, the founder and Managing Director of Fidson Healthcare Plc.
Other members of the delegate from Nigeria were Babatunde Ipaye and Oshoke Ayebae.
Through this collaboration, the four parties have agreed to actively leverage their respective strengths to establish a new joint venture pharmaceutical plant project in Nigeria.
This new project is poised to promote Africa’s self-reliance in healthcare delivery, especially in tackling HIV.
All parties agreed to share information and resources, jointly explore investment opportunities in the pharmaceutical markets of West African countries and implement investment cooperation at the project level.
The signing ceremony followed a series of engagements, including a visit by the Chairman of Jiangsu Aidea Pharma- Dr. Heliang Fu to Nigeria earlier in the year.
During that visit, Dr. Fu toured the Lekki Free Trade Zone, which is the chosen site for the state-of-the-art manufacturing facility that is set to revolutionize the pharmaceutical industry in Nigeria and the wider African continent.
The partnership between Fidson and the Chinese firms is a sterling example of international cooperation aimed at tackling pressing medical challenges.
The upcoming manufacturing facility will become a hub for pharmaceutical excellence, leveraging the Lekki Free Trade Zone’s strategic location and comprehensive infrastructure to foster economic growth and healthcare improvement.
In the words of Dr. Fu, “This collaboration marks an important step for Chinese Pharma players in their commitment to global medical cooperation. By integrating our expertise and experience in the field of innovative drugs, we are confident in bringing greater well-being to African patients.”
Ayebae expressed his optimism about the partnership saying that “We eagerly look forward to this collaboration and believe that the complementary strengths of all parties will inject new vitality into the Healthcare delivery sector in Africa, particularly addressing the medical needs of over 1.9 million HIV-infected individuals in Nigeria, a focus of Aidea Pharma.”
He added that the project is coming at no better time as the National Agency for the Control of AIDS in Nigeria under the leadership of Temitope Ilori is championing the government’s drive to provide necessary support and the enabling environment for pharmaceutical companies to start local production of Anti-Retroviral drugs (ARVs).
