HAVANA (Reuters) – The Cuban state-owned pharmaceutical and chemical company Labiofam plans to build a complex in Bolivia that would help the South American country meet 100 per cent of its demand for basic medicine, the company said yesterday.
Bolivian President Evo Morales requested the project and Bolivia will finance it, Labiofam Director General Jose Antonio Fraga said without disclosing the cost.
“We should sign the contract at the end of this month,” Fraga told Reuters at a company meeting yesterday. “If we sign the contract we will start right away.”
Bolivia hopes to supplement current supplies and meet 100 percent of its domestic demand for basic medicine once the project is complete, and any excess production would be exported mostly to countries within the Bolivarian Alliance for the Peoples of America (ALBA), an association created by leftist governments in Latin America.
