PRESS RELEASE |
BRICS Gathered in Geneva To Discuss a New Digital Order |
Experts and antitrust officials met in Geneva to propose solutions to the challenges faced by antitrust authorities in the digital markets of the BRICS countries to find common ground between them, especially in the area of regulation of digital platforms and AI |
GENEVA, Switzerland, June 10, 2024/ -- The UN Trade and Development (UNCTAD) Webinar on Competition law and policy approaches towards digital platforms and ecosystems in cooperation with the BRICS Competition Law and Policy Centre (https://www.BRICSCompetition. The digitalization of the economy - legislature, trade, customs, logistics, etc. - is just entering its most active stage of development, itself a preparatory stage for the automation of the economy. One of the most pressing issues now, at the initial stage of digitalization, is still the streamlining and creation of a regulatory framework for future global processes. This includes the issue of antitrust regulation, both within individual countries and various interstate associations, such as the EU or BRICS. "Today, the actions of antitrust agencies in different countries remain disparate and fragmented. Lack of consensus leads to weakened enforcement, and ecosystems increase anti-competitive pressure on the market. Antitrust law is on the verge of losing its relevance and strength in the digital economy. We need some form of international agreement on the regulation of digital ecosystems, especially given the development of AI technologies,” emphasized Alexey Ivanov, Director of the BRICS Competition Law and Policy Center. As the expert explained, each BRICS jurisdiction has its own objectives with regard to competition law. There is a common core, which has been defined as consumer welfare, efficient allocation of resources and economic freedom. But so far, one of the bottlenecks in dealing with digital markets is market definition - the application of traditional market definition tools is challenged by the tendency of digital markets to be highly innovative and dynamic. The development of new definitions and indicators is one of the most important tasks of the meeting. As part of the presentation, Victor Oliveira Fernandes, Commissioner of CADE, stated that within their organization a number of new indicators have already been developed to define the platform market: for example, the ability to unilaterally impose conditions, including as a show of bargaining power, ownership of key datasets, ability to influence choice through online platform architecture, lack of transparency. Since this year, the number of BRICS member countries has grown, and further expansion is being discussed. Moreover, the association, which remained formal for a long time, is beginning to work more actively. The more active the more real contradictions and problems. Nevertheless, experts noted that there is a significant convergence among BRICS jurisdictions in recognizing the importance of certain essential standards, such as consumer welfare standards, but there are also some differences that are worth highlighting. Authorities in different countries, especially Brazil, Russia, China and South Africa, recognize other objectives, such as ensuring economic freedom or a level playing field for small and medium-sized enterprises. And these goals can somehow be translated into more elaborate legal standards for assessing abuse of dominance. Alexey Ivanov also focused the participants' attention on the fact that cooperation exactly within the framework of supranational associations can give real results in the fight against violations of fair competition rules by global monopolists in local markets. "Much more opportunities for developing countries lie in the area of cooperation. BRICS, as you know, is expanding and working in the area of developing joint enforcement actions, remedies, investigations, case reviews, because this is how you essentially balance the playing field in the fight against global companies,” Ivanov explained. The meeting was attended by a wide pool of international experts and representatives of national and international competition authorities: Victor Oliveira Fernandes, Commissioner, CADE; Rajinder Punja, Economic Director, CCI/ Representative from SAMR (tbc); Masako Wakui, Professor of Law, Kyoto University; Maria Ioannidou, Professor, Queen Mary University of London; Deni Mantzari, Associate Professor, University College of London; Alexey Ivanov, Director, BRICS Competition Law and Policy Center. The experts agreed to continue working on the creation of a harmonized system of supranational instruments of antitrust regulation. Distributed by APO Group on behalf of BRICS Competition Law and Policy Centre. About BRICS Competition Law and Policy Centre:The BRICS Competition Law and Policy Centre was established in 2018 by the BRICS competition authorities. The Centre’s work is aimed at collecting and analyzing information from competition agencies, identifying best practices, but primarily at preparing recommendations and developing approaches to competition policy that reflect the interests of the development of the BRICS economies. The key mission of the BRICS Competition Centre is to advance the development agenda and strengthen the role of competition regulation in overcoming imbalances in the global economy. The Centre brings together leading international universities and independent researchers who are actively involved in the Centre’s main research projects: on global food chains, on sustainability policy and on new approaches to antitrust regulation of the digital economy. SOURCE |
Showing posts with label Switzerland. Show all posts
Showing posts with label Switzerland. Show all posts
Monday, June 10, 2024
BRICS Gathered in Geneva To Discuss a New Digital Order
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Thursday, August 25, 2022
First African-Manufactured Medicine to Prevent Malaria in Pregnant Women and Infants Approved By WHO
PRESS RELEASE |
First African-Manufactured Medicine to Prevent Malaria in Pregnant Women and Infants Quality-Approved by World Health Organization (WHO) |
Universal Corporation Ltd (UCL), with support from MMV and Unitaid, becomes the first African manufacturer to gain WHO prequalification of sulfadoxine-pyrimethamine |
GENEVA, Switzerland, August 25, 2022/ -- Sulfadoxine/pyrimethamine (SP) is a well-tolerated, effective and affordable medicine used to prevent malaria in pregnant women and infants; Nearly all malaria cases and deaths occur in Africa, yet until now, the continent was completely reliant on imported quality-assured SP; This breakthrough responds to the need for local production of quality medicines for use in Africa, a major gap that was critically highlighted when the COVID-19 pandemic left the continent with limited access to vital health products in 2020. Local supply of a medicine used to prevent malaria across Africa received a boost recently, as the World Health Organization (WHO) issued a quality certification to the first African manufacturer of a key antimalarial drug used to prevent infection in pregnant women and children. Called pre-qualification, this certification will enable Kenyan manufacturer Universal Corporation Ltd (UCL) to support regional efforts to combat malaria through local production of high-quality sulfadoxine-pyrimethamine (SP). UCL’s pre-qualification was achieved with funding from global health agency Unitaid and support from MMV. Pre-qualification is a service provided by WHO to assess the quality, safety and efficacy of medicinal products. Quality assurance of UCL’s SP product Wiwal® opens a route for procurement by global scale-up partners that will improve access and help strengthen Africa’s ability to combat endemic diseases. “Unitaid welcomes the certification of UCL to produce this quality-assured antimalarial medicine in Africa, where about 95% of all illness and death from malaria occurs. Reinforcing local production of medicines where they are needed most is critical to building stronger and more resilient health responses,” said Dr Philippe Duneton, Executive Director of Unitaid. Young children and pregnant women are among the most vulnerable to the burden of malaria, with children under five accounting for 80% of all malaria deaths in Africa. SP is a generally well-tolerated, effective, and affordable medicine used to prevent malaria, yet adequate delivery and scale-up of these interventions are hampered in part by inadequate and unstable supply and, until now, have completely relied on imported or poor-quality drugs. “UCL is committed to supplying the African continent with quality medicines that are most needed by the people who live here. We are not only the first pharmaceutical company to receive pre-qualification of sulfadoxine-pyrimethamine in Africa, but one of only five manufacturers in Africa to have received this quality certification for any product. We’re filling a much-needed gap,” said Perviz Dhanani, Founder and Managing Director of UCL. The lack of pre-qualified manufacturers in Africa raises concerns about the quality of medicines and supply insecurities that compromise the treatment of chronic and infectious diseases – risks that were clearly revealed when COVID-19 disrupted global supply chains and left Africa with limited access to vital products. The production of quality medicines on the African continent is critical not only for the safety of Africa’s people but also for supporting regional supply availability and diversification in global production of medicines. Increased supply of SP is crucial to the long-term success of Unitaid’s malaria chemoprevention strategy, which includes nearly US$ 160 million invested to date to optimize and scale up delivery of SP through seasonal delivery and intermittent preventive treatment in pregnant women and infants. With Unitaid funding, MMV is working to strengthen global supply chains and support appropriate use of quality medicines critical to the malaria response. “Researchers and manufacturers from the countries hardest hit by malaria must be at the forefront of efforts to defeat the disease, which is why we welcome this wonderful news,” said David Reddy, MMV’s CEO. “We congratulate Universal Corporation Ltd for becoming the first African manufacturer to receive WHO pre-qualification for SP for the prevention of malaria in pregnant women and infants and are delighted to have partnered with them in this effort.” Distributed by APO Group on behalf of Medicines for Malaria Venture. Notes for EditorsMedia Contacts: Elizabeth Poll, Director of Communications MMV Phone +41 79 709 59 92 Email: polle@mmv.org Thalia Bayle, Communications Officer Unitaid Phone: +41 79 660 56 37 Email: baylet@unitaid.who.int Additional quotes “We at Africa CDC gladly welcome the news of Universal Corporation Ltd receiving a WHO Prequalification for sulfadoxine-pyrimethamine,” said Dr Nicaise Ndembi, Africa CDC’s Chief Science Advisor. “This is the result of a remarkable collaborative effort through UCL, MMV and Unitaid, and aligns with our purpose to support public health initiatives and strengthen the capacity of public health institutions.” “The news of Universal Corporation Ltd receiving a WHO Prequalification for sulfadoxine-pyrimethamine is incredible news,” said Ms Joy Phumaphi, Executive Secretary of the African Leaders Malaria Alliance and MMV Board member. “Ensuring the availability and accessibility of quality treatment for underserved communities, particularly women, newborns, and children who are disproportionately at high risk of death from malaria is a critical component to the full realization of the right to health.” Background on the malaria burden According to the latest World Malaria Report (https://bit.ly/3wsvUv4), released on 6 December 2021, there were an estimated 241 million cases of malaria and 627,000 resulting deaths worldwide in 2020. This represents about 14 million more cases in 2020 compared to 2019, and 69,000 more deaths. Approximately two-thirds of these additional deaths (47,000) were linked to disruptions in the provision of malaria prevention, diagnosis and treatment caused by the COVID-19 pandemic. The WHO African Region continues to carry a disproportionately high share of the global malaria burden. In 2020, the region was home to 95% of all malaria cases and 96% of all deaths. About 80% of all malaria deaths in the region are among children under five years of age. In 2020, six countries accounted for just over half of all malaria deaths worldwide: Nigeria (27%), the Democratic Republic of the Congo (12%), Uganda (5%), Mozambique (4%), Angola (3%) and Burkina Faso (3%). Background on seasonal malaria chemoprevention, perennial malaria chemoprevention and intermittent preventive treatment in pregnancy There are a number of recommended malaria prevention interventions targeted at those most vulnerable to malaria infection and adverse effects (pregnant women, infants, children) that depend on the accessibility of SP. Adequate supply of SP is crucial to achieving scale up of these interventions to benefit all those at risk across the African continent. Seasonal Malaria Chemoprevention (SMC) is a preventive treatment strategy for children under five living in areas of the Sahel and sub-Sahel at greatest risk of seasonal malaria. It involves administering monthly doses of SP to children during peak malaria season. Unitaid invested US$ 68 million in the first evaluation to determine the effectiveness of SMC on a large scale, a strategy which contributed to a reduction in malaria infections in children of more than 85%. According to the latest World Malaria Report, in 2020, 33 million children were reached with SMC. Perennial malaria chemoprevention (PMC) is another strategy for preventing malaria in infants and children, in areas where malaria transmission is not seasonal. Those belonging to age groups at high risk of severe malaria are recommended to receive antimalarial medicines at predefined intervals to reduce disease burden. Intermittent preventive treatment in pregnancy (IPTp) is recommended by WHO in malaria-endemic areas to reduce disease burden in pregnant women. This intervention relies on administration of at least three doses of SP, starting as early as possible in the second trimester and spaced at least one month apart. Unitaid is currently funding a large-scale project to generate operational evidence that will help implementers scale-up PMC in higher burden areas. This project is building on the success of the recent TIPTOP project, a Unitaid investment that demonstrated innovative ways to reach more women with IPTp across Africa. Background on strengthening local production of medicines and other health technologies to improve access Attaining the highest About the partners About Universal Corporation Ltd (UCL): UCL is a Kenyan Pharmaceutical Manufacturing Company based in Kikuyu Township, Kiambu County in the Outskirts the capital city of Kenya, Nairobi. The UCL manufacturing plant has been accredited with GMP certification by the local authorities (Pharmacy and Poisons Board of Kenya) and international quality compliance by various DRAs (Drug Regulatory Authorities). Currently, UCL manufactures over 100 formulations of Human medicines. This manufacturing capability is divided as per the dosage forms produced in each line & includes tablets, capsules, ointments, creams & powder (ORS). The long-term plan of the company is to expand its specialty lines to cover all medical specialties. As quality is a major concern, the manufacturing department is manned by highly qualified and trained staff who undergo regular training on GMP procedures. For more information, visit http://UCL.co.ke About Unitaid: Unitaid is a global health agency engaged in finding innovative solutions to prevent, diagnose, and treat diseases more quickly, cheaply, and effectively, in low- and middle-income countries. Its work includes funding initiatives to address major diseases such as HIV/AIDS, malaria, and tuberculosis, as well as HIV co-infections and co-morbidities such as cervical cancer and hepatitis C, and cross-cutting areas, such as fever management. Unitaid is now applying its expertise to address challenges in advancing new therapies and diagnostics for the COVID-19 pandemic, serving as a key member of the Access to COVID-19 Tools (ACT) Accelerator. Unitaid is hosted by the World Health Organization. For more information, visit http://www.Unitaid.org About Medicines for Malaria Venture (MMV): MMV is a leading product development partnership (PDP) in the field of antimalarial drug research and development. Its mission is to reduce the burden of malaria in disease-endemic countries by discovering, developing and facilitating delivery of new, effective and affordable antimalarial drugs. MMV receives funding and support from government agencies, private foundations, international organizations, corporations, corporate foundations and private individuals. These funds are used to finance MMV’s portfolio of R&D projects, as well as specific, targeted access & product management (APM) interventions that aim to facilitate increased access to malaria medicines by vulnerable populations in disease-endemic countries and support their appropriate use. Since its foundation in 1999, MMV and partners have built the largest portfolio of antimalarial R&D and access projects ever assembled and have brought forward 13 new medicines. Almost 3 million lives have been saved by these MMV co-developed medicines. MMV's success is based on its extensive partnership network of around 150 active partners including from the pharmaceutical industry, academia and endemic countries. MMV's vision is a world in which innovative medicines will cure and protect the vulnerable and under-served populations at risk of malaria, and help to ultimately eradicate this terrible disease. For more information, visit http://www.MMV.org MMV Disclaimer: This document contains certain forward-looking statements that may be identified by words such as ‘believes’, ‘expects’, ‘anticipates’, ‘projects’, ‘intends’, ‘should’, ‘seeks’, ‘estimates’, ‘future’ or similar expressions, or by discussion of, among other things, vision, strategy, goals, plans, or intentions. It contains hypothetical future product target profiles, development timelines and approval/launch dates, positioning statements, claims and actions for which the relevant data may still have to be established. Stated or implied strategies and action items may be implemented only upon receipt of approvals including, but not limited to, local institutional review board approvals, local regulatory approvals, and following local laws and regulations. Thus, actual results, performances or events may differ from those expressed or implied by such statements. We ask you not rely unduly on these statements. Such forward-looking statements reflect the current views of Medicines for Malaria Venture (MMV) and its partner(s) regarding future events and involve known and unknown risks and uncertainties. MMV accepts no liability for the information presented here, nor for the consequences of any actions taken on the basis of this information. Furthermore, MMV accepts no liability for the decisions made by its pharmaceutical partner(s), the impact of any of their decisions, their earnings and their financial status. SOURCE |
Saturday, January 31, 2009
Mercuria Energy Opens Nigerian Office
30 Jan 2009 09:00 Africa/Lagos
Mercuria Energy Opens Nigerian Office
LONDON, January 30/PRNewswire/ -- Mercuria Energy Group, one of the world's five largest private oil and petroleum products traders, is opening an office in Abuja, Nigeria on February 5th, 2009 a company spokesman has announced.
Mercuria Energy, which has its main trading floor in Geneva, Switzerland has been building both its sales of petroleum products in Nigeria, and purchases of crude oil there, for several years now. "The company wants a presence in the community, so that we can be closer to both our customers and our suppliers" said the spokesman.
The office is expected to play a role in optimizing the logistics of shipping imports and exports along the West African coast. The company also has plans to invest in Nigeria, both in upstream and downstream activities.
Mercuria Energy Group Ltd is an international group of companies active over a wide spectrum of global energy markets, including crude oil and refined products, petrochemical products, natural gas, power, vegetable oils, and carbon emissions. Global turnover in 2008 was $45 billion.
Source: Mercuria Energy Group Ltd
Media: For More Information, contact: David Ensor, +44-207-529-4403, dbensor@mercuria.com .
Releases displayed in Africa/Lagos time
30 Jan 2009
11:20
INKAS is proud to announce "INKASTRANS", a new addition to INKAS Group of Companies.
09:00
Mercuria Energy Opens Nigerian Office
29 Jan 2009
12:30
FiSpace.net Releases Commentary for Investors of Beverage Companies WYDI, HANS, KO, PEP, USNA and FIZZ
11:14
Royal Dutch Shell plc: 4th Quarter and Full Year 2008 Unaudited Results
06:49
Addax Petroleum gibt bedeutenden neuen Fund in Nigeria bekannt
06:40
Addax Petroleum annonce une découverte de première importance au Nigéria
Mercuria Energy Opens Nigerian Office
LONDON, January 30/PRNewswire/ -- Mercuria Energy Group, one of the world's five largest private oil and petroleum products traders, is opening an office in Abuja, Nigeria on February 5th, 2009 a company spokesman has announced.
Mercuria Energy, which has its main trading floor in Geneva, Switzerland has been building both its sales of petroleum products in Nigeria, and purchases of crude oil there, for several years now. "The company wants a presence in the community, so that we can be closer to both our customers and our suppliers" said the spokesman.
The office is expected to play a role in optimizing the logistics of shipping imports and exports along the West African coast. The company also has plans to invest in Nigeria, both in upstream and downstream activities.
Mercuria Energy Group Ltd is an international group of companies active over a wide spectrum of global energy markets, including crude oil and refined products, petrochemical products, natural gas, power, vegetable oils, and carbon emissions. Global turnover in 2008 was $45 billion.
Source: Mercuria Energy Group Ltd
Media: For More Information, contact: David Ensor, +44-207-529-4403, dbensor@mercuria.com .
Releases displayed in Africa/Lagos time
30 Jan 2009
11:20
INKAS is proud to announce "INKASTRANS", a new addition to INKAS Group of Companies.
09:00
Mercuria Energy Opens Nigerian Office
29 Jan 2009
12:30
FiSpace.net Releases Commentary for Investors of Beverage Companies WYDI, HANS, KO, PEP, USNA and FIZZ
11:14
Royal Dutch Shell plc: 4th Quarter and Full Year 2008 Unaudited Results
06:49
Addax Petroleum gibt bedeutenden neuen Fund in Nigeria bekannt
06:40
Addax Petroleum annonce une découverte de première importance au Nigéria
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