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Journal :   Research Journal of Pharmacy and Technology

Volume No. :   6

Issue No. :  6

Year :  2013

Pages :   622-631

ISSN Print :  0974-3618

ISSN Online :  0974-360X


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Assessing the Commercialization of Herbal Medicines Research and Development outputs in Nigeria



Address:   Kanayo Patrick Osemene1*, Matthew Olugbenga Ilori2and Anthony Elujoba3
1Department of Clinical Pharmacy & Pharmacy Administration, Obafemi Awolowo University, Nigeria.
2Technology Planning and Development Unit, Obafemi Awolowo University, Nigeria.
3Department of Pharmacognosy, Obafemi Awolowo University, Nigeria: *Corresponding Author
DOI No: Not Available

ABSTRACT:
The commercialization of herbal medicine R&D outputs in Nigeria has not been widely studied. Hence this study examined the extent, evaluated the constraints and factors influencing herbal medicine commercialization. This is with a view to formulating strategies to enhance their commercialization. Opinion of 100 herbal medicine scientists in 13 universities, 100 herbal medicine scientists in 3 research institutes, 125 scientists in 50 herbal medicine manufacturing pharmaceutical firms in Nigeria were sort in order to determine the extent of herbal medicines commercialization, constraints in commercializing them as well as factors influencing their commercialization. This was done through the instrumentality of questionnaire backed with oral personal interview. Data were analyzed using descriptive and inferential statistics. Results from the study revealed that total herbal medicine commercialized was 1010. Herbal medicine scientists rated major constraints in commercializing herbal medicine on a 5-point Likert Scale as inadequate funding of R&D (4.73), inconsistent government policies on funds allocation for research (4.68), lack of interest for local R&D results by the industry (3.91), poor industry academic linkage (3.82) and lack of adequate infrastructural facilities such as electricity, building (3.70). Lack of adequate support for SME’s (3.62) and apathy of financial institutions such as banks to invest in R&D activities (3.60) There were significant correlations between herbal medicine commercialization and market (Y1), technology push (Y2), availability of markets (Y3), availability of inputs (Y4) and strategy adopted by the organization (Y9). Regression analysis revealed that market pull Beta 1 (2.077), presence of customers Beta 3 (3.618) ,availability of inputs Beta 4 (4.061), commitment of developers Beta 8 (3.678) and Beta 9 (4.491),strategy adopted by the organizations contributed significantly to the commercialization process at probability levels of 5% and 10% respectively. Strategies for improving commercialization of herbal medicines were increased capacity building (68.75%), adequate R&D funding (75%), improved R&D infrastructure (70%), improved linkage between the academia and the industry (65%) among others. The study concluded that the commercialization of herbal medicines in Nigeria is low, in spite of the large number of herbal medicines already developed by various research bodies. Therefore, the suggested that the economic and institutional constraints hampering herbal medicine commercialization process must be tackled by the government. This could be done by creating a salubrious environment that would guarantee industrial peace and maintain consistent economic and industrial policy.
KEYWORDS:
Herbal medicine, Research and Development, Commercialization, Technology push and market pull.
Cite:
Kanayo Patrick Osemene, Matthew Olugbenga Ilori, Anthony Elujoba. Assessing the Commercialization of Herbal Medicines Research and Development outputs in Nigeria. Research J. Pharm. and Tech 6(6): June 2013; Page 622-631.
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