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Profiles of Purpose: The Ills of the Community

July 28, 2020
by
Stanford Graduate School of Business
YouTube video player
Profiles of Purpose: The Ills of the Community

TL;DR

Dr. Albert Mburu of Generics Africa Limited discusses the importance of affordable medicine and their efforts to provide high-quality and accessible generics in East Africa.

Transcript

In about 2000, the lifespan in Kenya was about 46 years, and that was largely because of the infectious diseases, HIV, TB, malaria and so forth. Now that medicines are available the life expectancy has gone above 60. My thinking about health is that it should be a right for everybody, there should be some equity to it. So that somebody who is livin... Read More

Key Insights

  • 🤨 Life expectancy in Kenya has improved significantly due to the availability of medicines, raising it from 46 years to above 60 years.
  • 💊 Dr. Albert Mburu's background in medicine and public health led him to start Generics Africa Limited to address the issues of medicine stockouts and the lack of availability of medicines in Kenya.
  • ✋ Generics Africa Limited focuses on providing affordable, high-quality medicines, including generics, to make healthcare accessible to everyone.
  • 🦺 Counterfeit medicines are a challenge in the market, requiring reliable distribution networks to ensure patient safety.
  • 🌍 Generics Africa Limited has experienced tremendous growth, doubling revenues to over $10 million in the last two years and employing 75 direct and 20 indirect staff.
  • 🧑‍⚕️ They prioritize the well-being of their employees, providing health insurance, pensions, bonuses, and overtime.
  • 🥶 Generics Africa Limited actively contributes to the community by organizing free health camps for children in slums and has aspirations to expand their impact through scholarship schemes and increased employment opportunities.

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Questions & Answers

Q: Why did Dr. Albert Mburu start Generics Africa Limited?

Dr. Mburu started Generics Africa Limited after witnessing the issues of medicine stockouts and the lack of availability of certain essential medicines in Kenya. He saw the need to bridge this gap and make affordable medicines accessible to the public.

Q: What is the importance of affordable medicine?

Affordable medicine improves accessibility to healthcare for the public. When patients have access to affordable generics, their health outcomes are significantly better compared to not having that option. It ensures that people can afford the necessary medications for their well-being.

Q: How does Generics Africa Limited tackle the challenge of counterfeit medicines?

Counterfeit medicines are fake products that deceive the market by imitating the original medicine. Generics Africa Limited works to overcome this challenge by establishing good distribution networks that ensure the authenticity and quality of the medicines they provide, thereby protecting patients from harmful counterfeit drugs.

Q: What are the future goals of Generics Africa Limited?

Generics Africa Limited aims to become a major distributor and manufacturer within Eastern Central Africa. They hope to expand their impact further by providing scholarship schemes, employing more people, and contributing to the improvement of the larger society's health.

Summary & Key Takeaways

  • Dr. Albert Mburu's company, Generics Africa Limited, supplies high-quality and affordable medicines, including generics, to clinics, hospitals, and pharmacies in East Africa.

  • With a background in medicine and public health, Dr. Mburu recognized the need for accessible medicines in Kenya, especially for children and patients with high-risk conditions.

  • Generics Africa Limited aims to overcome challenges such as counterfeit medicines and illegal distributors by creating a good distribution network.


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