Neimeth PLC
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Neimeth PLC
NEIMETH International Pharmaceuticals PLC is a publicly listed pharmaceutical company founded in 1997 and headquartered in Lagos. It was established by a former managing director of Pfizer Products of Nigeria to acquire some of the trading assets of Pfizer International in Nigeria. History Pfizer in Nigeria Pfizer began operations in Nigeria in 1957 importing its branded products such as Terramycin into the country. In 1962, it opened a factory at Aba, the first pharmaceutical factory in British West Africa. The Civil war in Nigeria affected production at Pfizer's plant at Aba which caused the firm to commit new investment to build a new plant at Oregun, Lagos. The new factory expanded Pfizer's product offerings to include inject-able drugs. In the 1990s, the firm faced increased competition from imported generic products from Asia and those manufactured within the country. While, the firm generated majority of its sales through relationships with pharmacists and hospitals, the ri ...
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Lagos
Lagos (Nigerian English: ; ) is the largest city in Nigeria and the List of cities in Africa by population, second most populous city in Africa, with a population of 15.4 million as of 2015 within the city proper. Lagos was the national capital of Nigeria until December 1991 following the Government of Nigeria, government's decision to move their capital to Abuja in the center of the country. The Lagos metropolitan area has a total Population and housing censuses by country, population of roughly 23.5 million as of 2018, making it List of urban areas in Africa by population, the largest metropolitan area in Africa. Lagos is a major African financial center and is the economic hub of Lagos State and Nigeria at large. The city has been described as the cultural, financial, and entertainment capital of Africa, and is a significant influence on commerce, entertainment, technology, education, politics, tourism, art, and fashion. Lagos is also among the top ten of the world's fast ...
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Pfizer
Pfizer Inc. ( ) is an American multinational pharmaceutical and biotechnology corporation headquartered on 42nd Street in Manhattan, New York City. The company was established in 1849 in New York by two German entrepreneurs, Charles Pfizer (1824–1906) and his cousin Charles F. Erhart (1821–1891). Pfizer develops and produces medicines and vaccines for immunology, oncology, cardiology, endocrinology, and neurology. The company has several blockbuster drugs or products that each generate more than billion in annual revenues. In 2020, 52% of the company's revenues came from the United States, 6% came from each of China and Japan, and 36% came from other countries. Pfizer was a component of the Dow Jones Industrial Average stock market index from 2004 to August 2020. The company ranks 64th on the Fortune 500 and 49th on the Forbes Global 2000. History 1849–1950: Early history Pfizer was founded in 1849 by Charles Pfizer and Charles F. Erhart, two cousins who had i ...
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Terramycin
Oxytetracycline is a broad-spectrum tetracycline antibiotic, the second of the group to be discovered. Oxytetracycline works by interfering with the ability of bacteria to produce essential proteins. Without these proteins, the bacteria cannot grow, multiply and increase in numbers. Oxytetracycline therefore stops the spread of the infection and the remaining bacteria are killed by the immune system or eventually die. Oxytetracycline is a broad-spectrum antibiotic, active against a wide variety of bacteria. However, some strains of bacteria have developed resistance to this antibiotic, which has reduced its effectiveness for treating some types of infections. Oxytetracycline is used to treat infections caused by ''Chlamydia'' (e.g. the chest infection psittacosis, the eye infection trachoma, and the genital infection urethritis) and infections caused by '' Mycoplasma'' organisms (e.g. pneumonia). Oxytetracycline is also used to treat acne, due to its activity against the b ...
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Aba, Nigeria
Aba is a city in the southeast of Nigeria and the commercial center of Abia State. Upon the creation of Abia state in 1991, Aba was divided into two local government areas namely; Aba South and Aba North. Aba south is the main city centre and the heartbeat of Abia State, south-east Nigeria. It is located on the Aba River. Aba is made up of many villages such as; Aba-Ukwu, Eziukwu-Aba, Obuda-Aba, Umuokpoji-Aba and other villages from Ohazu merged due to administrative convenience. Aba was established by the Ngwa clan of Igbo People of Nigeria as a market town and then later a military post was placed there by the British colonial administration in 1901. It lies along the west bank of the Aba River, and is at the intersection of roads leading to Port Harcourt, Owerri, Umuahia, Ikot Ekpene, and Ikot-Abasi. The city became a collecting point for agricultural products following the British made railway running through it to Port Harcourt. Aba is a major urban settlement and com ...
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British West Africa
British West Africa was the collective name for British colonies in West Africa during the colonial period, either in the general geographical sense or the formal colonial administrative entity. British West Africa as a colonial entity was originally officially known as Colony of Sierra Leone and its Dependencies, then British West African Territories and finally British West African Settlements. The United Kingdom held varying parts of these territories or the whole throughout the 19th century. From west to east, the colonies became the independent countries of The Gambia, Sierra Leone, Ghana and Nigeria. Until independence, Ghana was referred to as the Gold Coast. Historical jurisdiction British West Africa constituted during two periods (17 October 1821, until its first dissolution on 13 January 1850, and again 19 February 1866, until its final demise on 28 November 1888) as an administrative entity under a governor-in-chief (comparable in rank to a governor-general), an ...
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Biafra War
The Nigerian Civil War (6 July 1967 – 15 January 1970), also known as the Nigerian–Biafran War or the Biafran War, was a civil war fought between Nigeria and the Republic of Biafra, a secessionist state which had declared its independence from Nigeria in 1967. Nigeria was led by General Yakubu Gowon, while Biafra was led by Lieutenant Colonel Chukwuemeka "Emeka" Odumegwu Ojukwu. Biafra represented the nationalist aspirations of the Igbo ethnic group, whose leadership felt they could no longer coexist with the federal government dominated by the interests of the Muslim Hausa-Fulanis of Northern Nigeria. The conflict resulted from political, economic, ethnic, cultural and religious tensions which preceded the United Kingdom's formal decolonization of Nigeria from 1960 to 1963. Immediate causes of the war in 1966 included a military coup, a counter-coup, and anti-Igbo pogroms in Northern Nigeria. Control over the lucrative oil production in the Niger Delta also played a vi ...
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Prescription Drugs
A prescription drug (also prescription medication or prescription medicine) is a pharmaceutical drug that legally requires a medical prescription to be dispensed. In contrast, over-the-counter drugs can be obtained without a prescription. The reason for this difference in substance control is the potential scope of misuse, from drug abuse to practicing medicine without a license and without sufficient education. Different jurisdictions have different definitions of what constitutes a prescription drug. In North America, ℞, usually printed as "Rx", is used as an abbreviation of the word "prescription". It is a contraction of the Latin word "''recipe''" (an imperative form of "recipere") meaning "take". Prescription drugs are often dispensed together with a monograph (in Europe, a Patient Information Leaflet or PIL) that gives detailed information about the drug. The use of prescription drugs has been increasing since the 1960s. Regulation Australia In Australia, the Standa ...
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Over-the-counter Drug
Over-the-counter (OTC) drugs are medicines sold directly to a consumer without a requirement for a prescription from a healthcare professional, as opposed to prescription drugs A prescription drug (also prescription medication or prescription medicine) is a pharmaceutical drug that legally requires a medical prescription to be dispensed. In contrast, over-the-counter drugs can be obtained without a prescription. The rea ..., which may be supplied only to consumers possessing a valid prescription. In many countries, OTC drugs are selected by a regulatory agency to ensure that they contain ingredients that are safe and effective when used without a physician's care. OTC drugs are usually regulated according to their active pharmaceutical ingredient (API) rather than final products. By regulating APIs instead of specific drug formulations, governments allow manufacturers the freedom to formulate ingredients, or combinations of ingredients, into proprietary mixtures. The term ...
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Management Buyout
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France. Overview Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the most ...
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Sickle Cell Crisis
Sickle cell disease (SCD) is a group of blood disorders typically inherited from a person's parents. The most common type is known as sickle cell anaemia. It results in an abnormality in the oxygen-carrying protein haemoglobin found in red blood cells. This leads to a rigid, sickle-like shape under certain circumstances. Problems in sickle cell disease typically begin around 5 to 6 months of age. A number of health problems may develop, such as attacks of pain (known as a sickle cell crisis), anemia, swelling in the hands and feet, bacterial infections and stroke. Long-term pain may develop as people get older. The average life expectancy in the developed world is 40 to 60 years. Sickle cell disease occurs when a person inherits two abnormal copies of the β-globin gene (''HBB'') that makes haemoglobin, one from each parent. This gene occurs in chromosome 11. Several subtypes exist, depending on the exact mutation in each haemoglobin gene. An attack can be set off by temper ...
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Cajanus Cajan
The pigeon pea (''Cajanus cajan'') is a perennial legume from the family Fabaceae native to the Old World. The pigeon pea is widely cultivated in tropical and semitropical regions around the world, being commonly consumed in South Asia, Southeast Asia, Africa, Latin America and the Caribbean. Etymology and other names Scientific epithet The scientific name for the genus ''Cajanus'' and the species ''cajan'' derive from the Malay word ''katjang'' meaning legume in reference to the bean of the plant. Common English names In English they are commonly referred to as pigeon pea which originates from the historical utilization of the pulse as pigeon fodder in Barbados. The term Congo pea and Angola pea developed due to the presence of its cultivation in Africa and the association of its utilization with those of African descent. The names no-eye pea and red gram both refer to the characteristics of the seed, with no-eye pea in reference to the lack of a hilum on most varieties, unli ...
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Strategic Business Unit
A strategic business unit (SBU) in business strategic management, is a profit center which focuses on product offering and market segment. SBUs typically have a discrete marketing plan, analysis of competition, and marketing campaign, even though they may be part of a larger business entity. An SBU may be a business unit within a larger corporation, or it may be a business into itself or a branch. Corporations may be composed of multiple SBUs, each of which is responsible for its own profitability. General Electric (GE) is an example of a company with this sort of business organization. SBUs are able to affect most factors which influence their performance. Managed as separate businesses, they are responsible to a parent corporation. GE has 49 SBUs. Companies today often use the word '' segmentation'' or ''division'' when referring to SBUs or an aggregation of SBUs that share such commonalities. Commonalities A SBU is generally defined by what it has in common, as well as the trad ...
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