French pharmaceutical manufacturer Biogaran has acquired Swiss Pharmaceutical ( Swipha ) to expand local drug production in Nigeria . Nigeria is capable is producing just 20 % of the drugs it needs , as a lack of foreign exchange for raw materials such as pharmaceutical ingredients and machinery crimped production . The acquisition marks the first acquisition in Africa for Swiss .
French medicine manufacturer Biogaran has acquired Swiss Pharmaceutical (Swipha) to increase local drug production in Nigeria. Nigeria is capable is producing just 20% of the drugs it consumes, as a lack of foreign exchange for raw materials such as pharmaceutical ingredients and machinery crimped output. The purchase marks the first acquisition in Africa for Biogaran.