Pharmaceutical sector becomes Cuba’s hard currency earner

21/07/2008 -- 5:23 PM

Havana (VNA) – Pharmaceutical exports are becoming Cuba’s second largest hard foreign currency earner after nickel as the country earned around 350 million USD from pharmaceutical exports last year. According to figures from Cuba’s Basic Industry Ministry, 2007 was the third consecutive year, pharmaceutical export earning came in ahead of traditional products such as tobacco, rum and sugar. 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. The Cuban government has given top priority to bio-technology and pharmaceutical development. The country is exporting 38 kinds of medicines to over 40 countries worldwide and providing free medicine to some developing countries. Currently, Cuba 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, including Venezuela, Vietnam and China.-Enditem
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