India Pharma Outlook Team | Friday, 01 March 2024
India and Central American nation Nicaragua signed a Memorandum of Understanding (MoU) on Pharmacopoeia on Cooperation in regulating medicines. Nicaragua has become the first country in the Spanish-speaking world to recognize Indian Pharmacopoeia.
The MoU was signed by the Ambassador of India to Nicaragua, Dr Sumit Seth, and the Minister of Health of Nicaragua, Dr Martha Reyes. Nicaragua’s highest health authority expressed sincere gratitude to the Indian government for its unwavering support, highlighting the profound impact of the agreement on strengthening bilateral relations and enhancing access to essential medicines for Nicaraguan citizens.
“This agreement symbolizes a significant milestone in the collaboration between our governments, ministries, and the regulatory bodies tasked with ensuring the safety and efficacy of pharmaceuticals,” the Indian envoy stressed.
Echoing these sentiments, Dr Seth highlighted India’s extensive experience in vaccine production and manufacturing top-notch medicines. “This agreement not only facilitates future procurement opportunities but also paves the way for knowledge-sharing initiatives between our respective drug regulatory authorities,” he remarked.
Dr Reyes reiterated the pivotal role of the agreement in reinforcing the government’s commitment to prioritizing public health and delivering comprehensive, high-quality healthcare services to all Nicaraguans.
Furthermore, MINSA’s chief highlighted Nicaragua’s progressive strides in influenza vaccine production and emphasized the imperative need for continued regulatory enhancement to uphold stringent standards for both medications and vaccines.
Switching gears, the Intercultural Health Model was hailed as a beacon of hope for families residing on the North Caribbean Coast, with Dr. Seth emphasizing the memorandum’s profound implications for healthcare delivery and medication effectiveness.