ADB provides loan to generic medicine production in Vietnam
(VOVWORLD) - The Asian Development Bank (ADB) has signed an eight-million-USD loan to help Imexpharm Corporation sustain its production of generic medicines despite global supply disruptions caused by the COVID-19 pandemic.
 (Photo: baodautu.vn) |
The financing will help ensure an ample supply of pharmaceutical ingredients for generic medicine production, vital to healthcare services during the pandemic.
Aniruddha Patil, Head of Health and Education Investments for ADB's Private Sector Operations Department, said this loan demonstrates ADB’s desire to support public health in Vietnam by encouraging the development of generic medicines. The loan is part of a 20-billion-USD aid package announced on April 13 to help Asian countries respond to the pandemic.