Description

Research and Development (R&D) is a critical aspect of innovation that is necessary for economic development and prosperity. Product development process is lengthy and costly, and adherence to strict regulatory requirements is mandatory. Public-Private Partnerships (PPPs) have been identified as one of the solutions for addressing challenges in pharmaceutical innovation where capacity in research by the private sector is deemed insufficient. Industry-research institution partnerships should be established in the EAC region. EAC partner states should stimulate PPPs by directing the R&D agenda, funding pharmaceutical research and formulating policies that encourage product development.