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COMING UP:Share Opener Variant 3



>> Nigerian startup, MEDSAF is trying to fight the spread of fake drugs in West Africa by delivering products from multi-national and local drug manufacturers directly to hospitals and pharmacies. Anywhere between 30% and 50% of prescribed drugs available on the African continent are fake, undermining the treatment of lethal diseases, like malaria.
In Nigeria, anti-malarials and antibiotics are sometimes sold in open air markets. MEDSAF founder, Vivian Nwakah.>> Fake medications, first of all, is a massive industry. There is reports that it's bigger than all elicit drugs combine. We have some manufacturers within the country that have excellent standards. And in fact, I've seen amazing warehouses in Nigeria for various manufacturing companies.
But they still have to import their raw materials and they don't produce enough to cover the entire needs of the country.>> Not only the fake drugs put patients at serious risk, but that also a drag for companies like GlaxoSmithKline and Sanofi. MEDSAF which launched in 2017, provides an inventory management system.
So that customers can see medications in the stock, and even receive order reminders. It currently has access to over 650 types of drugs. The company also negotiates fair prices on behalf of their customers.>> Medsaf has very robust supply chain unit. Now, we're not bothered to check the source of the supply or who's the manufacturer.
Is it genuine or not? Is it original or fake? What is the quality assurance system where the drugs are stored? So all these issues, they're not concern now.>> MEDSAF says it's able to meet over 80% of the needs of health facilities in Lagos, and plans to expand into the rest of West Africa in the future.