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The Phamaceutical Sector in Madagascar
Finance & Accounting
Pages 12 (3012 words)
The Pharmaceutical Sector in Madagascar The pharmaceutical sector in Madagascar appears to be a lucrative one in theory for many companies. Due to its unique geography and history, Madagascar is home to a wide variety of fauna and flora that not present anywhere else in the world.
These can then be developed into drugs in the western world and marketed in ventures where a pharmaceutical company can make millions if not billions of dollars. To do this, they have encouraged conservation efforts of the rainforests as well as speedy cataloguing of all the different species that are largely unknown to date. Thorough all of this, it must be taken into consideration that while Madagascar does not have the financial resources to develop the drugs themselves, these pharmaceutical companies are working in a sovereign country where the biological flora present is, in fact, a property of that country. This must be delicately balanced with attaining the materials needed for research as well as keeping within the legal framework of the country. For a start, this paper will first take a brief look at the country of Madagascar. It will examine some general facts, the political and economic situation in the country and the tropical rainforests. The interest of pharmaceutical companies lies primarily in these forests and the importance of conservation of these forests will be detailed. Some examples of plants that have been successfully developed into drugs will be made mention of as well as the legal aspects of exporting biodiversity such as this to other countries. ...
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