Fidson Healthcare Plc, a healthcare company in Nigeria, has announced a strategic alliance with Japanese firm, Ohara Pharmaceutical Co., Ltd., in a significant move set to transform Africa’s healthcare landscape.
The announcement, made during the 9th Tokyo International Conference on African Development (TICAD9) – a premier platform fostering stronger ties between Japan and Africa countries, signals a new and promising chapter in the collaboration.
Led by Mr. Abiola Adebayo, Managing Director and CEO, Fidson Healthcare Plc, the delegation – which also included Fidson’s Finance Director, Imokha Ayebae and Business Development and Marketing Director, Oshoke Ayebae – disclosed that the expanded partnership will see Ohara supporting Fidson’s capital raise and providing advice based on insights from the Japanese pharmaceutical industry that will expand the capabilities of Fidson to produce more specialized medicines for the management of diverse disease conditions. This move reflects a strong vote of confidence in the Nigerian pharmaceutical giant and underscores both companies’ long-term commitment to advancing healthcare across Africa.
Mr. Abiola Adebayo expressed his satisfaction with the company’s participation in the event stating that it marks a significant milestone in the history of the Fidson-Ohara relationship. He said, “Putting this strategic alliance on a world stage like TICAD emphasizes the fact that the Fidson-Ohara collaboration has come to stay.”
The foundation of the Fidson-Ohara partnership was first laid in July 2019, following Fidson’s rights issue. The core of this collaboration was the transfer of expertise, and innovation from Ohara, a company specializing in medicines for various critical therapeutic areas, particularly pediatric oncology and generic medicines. The partnership agreement was a direct response to Nigeria’s over-reliance on imported medicines.
The collaboration serves as a powerful model for how international partnerships can drive structural transformation in Africa’s healthcare sector, moving it from a consumption-based model to a production-driven one.
