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CiplaQCIL highlights achievements for 2019/2020 financial year at AGM

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Executive Chairman of CiplaQCIL, Emmanuel Katongole

Executive Chairman of CiplaQCIL, Emmanuel Katongole makes his remarks during the second annual general meeting.

By Our Reporter

During Cipla Quality Chemical Industries Limited’s (CiplaQCIL) second annual general meeting (AGM) on Thursday, the company announced its achievements during the 2019/2020 financial year such as the considerable expansion of the regulatory footprint (most notably the approval from the South Africa Health Products Regulatory Authority (SAHPRA)), the first ARV exports to South Africa, the opening of the expanded state-of-the-art Quality laboratory and significant growth in donor-funded malaria sales.

The company has also undertaken an ambitious innovation programme to enable additional products to be manufactured at its facility, including the new first-line antiretroviral (ARV) treatment for HIV commonly referred to as TLD, which combines tenofovir (TDF), lamivudine (3TC) and dolutegravir (DTG).

CiplaQCIL set out a target to be registered in 22 countries in Africa this year. The scorecard to date is that 16 countries have granted approvals, 15 are in progress, and 3 new country applications will be made this financial year. The company is confident that this target will be surpassed.

CiplaQCIL continues to engage extensively and constructively with the Government of Zambia regarding payment of the over dues this financial year. In Quarter one, $1.2 million was received. This engagement involves forfeiting the over dues through an international bank to secure guaranteed payment.

CEO of CiplaQCIL, Nevin Bradford, said: “The company is relentlessly focussed on driving shareholder value through increased revenues and profitability. Even though it was business unusual during the COVID-19 pandemic, CiplaQCIL was fortunate to operate without interruption and even managed to improve attendance and productivity levels during this period. The new financial year 2020/2021 has presented opportunities in increasing the customer base with orders from Botswana for 2.3 million doses of ARVs for adults living with HIV.”

CiplaQCIL is widening its customer base both geographically and customer wise with the entrance into the private market and very significant new direct-to-government sales.

As part of CiplaQCIL’s expansion strategy, the company has acquired Quality Chemical Ltd.’s distribution arm of the Cipla India manufactured range of prescription medicines in Uganda.

The acquisition takes the form of a transfer of assets of Quality Chemicals Limited, specifically the sales team overseeing the human healthcare portfolio, and is expected to boost the company’s sales growth by expanding its product range while unlocking new business opportunities in the retail distribution market. The transaction will close in the second Quarter. It will market both the medicines manufactured by CiplaQCIL and those manufactured by Cipla India: these have significant market shares of key therapeutic areas such as anti-infectives, antifungals, respiratory care and gastroenterology.

CiplaQCIL will commence the manufacture of certain over-the-counter products and medicines in the cardiovascular and metabolic therapeutic categories to bolster the portfolio available to the retail sector.

Executive Chairman of CiplaQCIL, Emmanuel Katongole, said: “The 2019/2020 financial year was a challenging year especially given the Zambia issues and most recently the COVID-19 pandemic. The Company is intent on returning to significant revenue growth in 20/21 as well as, of course, a return to profitability. We can be proud though despite numerous challenges, CiplaQCIL continues to deliver on its ethos of ‘Caring for Life’ by producing quality, affordable medicines to ensure that people have access to life-saving medication.”

The post CiplaQCIL highlights achievements for 2019/2020 financial year at AGM appeared first on BigEye.UG.



Source – bigeye.ug

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EXPOSED! Ugandan gospel singer Julie Mutesasira weds fellow woman

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Former local gospel singer Julie Mutesasira has caused a stir online after photos of her kissing a fellow woman during their wedding went viral on social media.

The photos emerged after his ex-lover Pastor Steven Mutesasira officially tied the knot with his new lover identified as Judith over the weekend.

In the past, it was rumored that Julie divorced with her husband and fled to Canada but the rumors where yet to be confirmed until the photos of her marrying a fellow woman made their way on social media.





Source – mbu.ug

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Police Bosses Convene at Bulange ,Mengo Over Weekend Security Raid on Mbogo Clan Thanksgiving Function

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Top Police authorities are slated to meet the Katikkiro of Buganda Charles Peter Mayiga this morning to tackle the security raid on a thanksgiving function organized by the Mbogo clan head, and religious leaders at Mugulu in Mityana town over last weekend.

Mobogo Clan head, Kayiira Gajuule had invited Bishop Emeritus John Baptist Kaggwa the retired Bishop of Masaka Diocese to grace the thanksgiving ceremony when anti-riot police stormed the area and sprayed teargas to disperse everyone.

This incident has since drawn widespread criticism from both Buganda kingdom loyalists who have since marched to Bulange Mengo demanding an apology from the Police besides the public condemning police actions

Just yesterday afternoon,. Police were forced to use teargas and live bullets to disperse a group of Buganda loyalists at Mityana municipality protesting the incident and demanding that District Police Commander, Alex Mwine Mukono unconditionally releases all the motorcycles he confiscated during the raid.

This compelled the police boss IGP Martin Okoth Ochola to apologize to the bishop and the Catholic Church.

The police political commissar led by a team of senior officers announced that they would be visiting Bishop Kaggwa at his home to announce their apology to his family and the church on behalf of IGP Ochola .

On Monday, the police spokesperson Fred Enanga apologized to the Catholic Church defending the police action on preventing the spread of COVID19.

He said the firing of teargas was caused by a group of uninvited politicians including Francis Zaake among others who had attracted youth.

Now according to the Buganda kingdom spokesperson Noah Kiyimba, a meeting between the Katikkiro Charles Peter Mayiga and the top police leadership is scheduled for 11:00 am at Bulange Mengo.



Source – www.galaxyfm.co.ug

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Martha Kay shows off flexibility while exercising (VIDEO)

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Local Comedienne Martha Kay Kagimba a.k.a The Range Rover Girl showed off her flexibility and fitness in a video where she was recorded doing a full split.

For a couple of years, Martha Kay has often revealed how she is insecure about different parts of her body including her legs and her skin complexion.

Slowly, she has come to terms with her insecurities and she is proud of her complexion. There is one more thing she is working on now and she seems to be on the right track – FITNESS!





Source – mbu.ug

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