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

Five things I learned while watching the sun set over El Clásico
Soccer
831 views
Soccer
831 views

Five things I learned while watching the sun set over El Clásico

Alejandro Zúñiga - October 22, 2018

TIBÁS — It’s difficult to enjoy a spectacular sunset while the concrete grandstand of a 50-year-old stadium shakes haphazardly under…

The Tico Times Weekly Digest: Oct. 22, 2018
Tico Times Weekly Digest
429 views
Tico Times Weekly Digest
429 views

The Tico Times Weekly Digest: Oct. 22, 2018

Alexander Villegas - October 22, 2018

It's Monday everyone. That means it's time for another dose of The Tico Times Weekly Digest. This week's Digest is…

This week in the Peace Corps: Lessons from indigenous communities in Limón province
Changemakers
901 views
Changemakers
901 views

This week in the Peace Corps: Lessons from indigenous communities in Limón province

Crystal / Regional Peace Corps Leader - October 22, 2018

After four years with Peace Corps Costa Rica, I am reflective about living and working in indigenous communities throughout Limón…