Am I missing something here? This article is old but doesn't it say that Nigeria is expected to make 150 million dollars a year from Nicosan? Where does that put XKEM's earnings at? Does anyone know what the royalty is?
It also says that the government will ensure every pharmacy is stocked with Nicosan implying a big pre-purchase in my mind.
Excerpts. http://www.tribune.com.ng/03082006/features.html 'According to Dr. Ramesh Pandev, the Chairman of XECHEM, it is expected to earn the country about 150 million dollars per annum in foreign exchange earnings.'
'Government in partnering with XECHEM, a private sector pharmaceutical company, will ensure that the NICOSAN drug is made available to all pharmaceutical stores in the next nine months. Meanwhile 30, 000 capsules have been produced in SHESTCO Abuja in XECHEM Laboratory to cater for the needs of those who are in need of the treatment, particularly those who have registered with XECHEM.'
BBC - Skillswise - Glossary foreign exchange earnings. A term for the money that a country earns by selling things to ... Example:The USA has a high level of foreign exchange earnings. ... www.bbc.co.uk
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