Navigation Links
Tanzania Minister of Health, on Behalf of the Government, Promises Full Support to Vantage Health in the United Republic of Tanzania
Date:7/19/2011

CAPE TOWN, South Africa, July 19, 2011 /PRNewswire/ -- Vantage Health (OTC BB: VNTH), ("Vantage"), ("company") announced today that it has successfully conducted discussions with senior government officials from the Ministry of Health and Social Welfare, Tanzania Food and Drug Authority, and Medical Stores Department, all representing the United Republic of Tanzania ("URT") which talks have resulted in a decision to draft a formal Public Private Partnership ("PPP") Agreement between Vantage, its local 51% owned Tanzanian subsidiary, Vantage Health Tanzania Limited ("VHTL"), and the Tanzanian government. In addition, VHTL is currently participating in its first URT essential medicine government tender, the results of which are expected to be announced by the URT Medical Stores Department by November 11, 2011.

VHTL is also actively negotiating with the Tanzanian Medical Stores Department to supply medicine and consumables in the URT healthcare sector which are not currently covered by existing supply contracts or agreements, and which fall outside current guidelines for competitive tender.

In addition, Vantage ultimately intends to provide construction plans before the end of 2011 for URT's first API (Active Pharmaceutical Ingredient) formulation and manufacturing facility (the "plant"). Subject to concluding the PPP Agreement with URT, and after completion, it is anticipated that Vantage would arrange for the necessary skills transfer and then operate the plant through its 51% owned URT subsidiary, Vantage Health Tanzania Limited ("VHTL") on a Build, Own, Operate, Transfer basis. It is intended that income from the plant would accrue to the benefit of VHTL for a period of 20 to 30 years, secured by URT government off take, after which, ownership of the plant would revert to the government of URT for the benefit of URT's citizens. Further, Vantage has committed to participate in dealing with the problem of HIV/AIDS in URT, through the provision of the latest HIV Rapid Test Kits and the newest generation of antiretroviral treatments as well as counseling for those who test positive to HIV. To this end, VHTL intends to assist with refurbishing and managing clinics and medical centers throughout the country, in both metropolitan and rural areas, for the sole financial benefit of VHTL. In addition, VHTL also intends to create and own a chain of women's health clinics, or Maternal Obstetric Units ("MOUs") in URT, specializing in normal deliveries and women's health, including gynecological outpatient procedures, screening and women's imaging. The MOU's are relatively cheap to establish and operate with a low cost base. In some cases, mobile clinics may be established for use in remote or rural areas. Wherever possible, VHTL will seek to combine these MOU's with clinics that can also serve to test, treat and counsel both male and female patients who have tested positive to HIV.  

Tanzania's Minister of Health and Social Welfare, the Honorable Professor Hadji Mponda, added: "After meeting with Dr. Ramakrishnan, Vantage Health's CEO, I am very happy to announce that a preliminary agreement has been reached. I have asked Dr. Ramakrishnan to work with our relevant government departments in drafting a formal Public Private Partnership agreement, which would set out in detail the terms under which Vantage and my department would cooperate. It is the mandate of my Ministry to ensure that healthcare policies are implemented effectively. With Vantage's involvement and our combined resources, I have little doubt that we have taken a major step forward in bridging some of the important healthcare gaps that exist in Tanzania. I look forward to working with the company for the benefit of the citizens of Tanzania."

Dr. Lisa Ramakrishnan, President and CEO of Vantage Health, commented: "We are very excited and proud to be working with the leadership of the United Republic of Tanzania to assist in addressing their key concerns in the Tanzanian healthcare space. This is a long term project for our company and I believe over time, will return value to the citizens of this wonderful country, as well as our shareholders. I would also like to thank the many individuals who helped put this project together, and in particular, Prime Minister Pinda, and his Minister of Health and Social Welfare, Doctor Mponda."

About Vantage Health

Vantage Health is an African based health care products and medical consumables supply company focused on building its core supply business through government and local partnerships, and alleviating the burden of HIV/AIDS and disease on the African continent. The company currently has two subsidiaries, Moxisign (PTY) Ltd., a South African entity 49% owned by Kopano Ke Matla Investment Company, the investment arm of the Congress of South African Trade Unions ("COSATU"), and Vantage Health Tanzania Limited, 49% owned by Tanzanian investors. Vantage Health intends to create a healthcare company with a dominant presence in sub Saharan Africa in the medical supply and manufacturing sectors, as well as the construction of hospitals, maternal obstetric units, and clinics.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks, uncertainties and assumptions that, if they never materialize or if they prove incorrect, could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing.  These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company assumes no obligations and does not intend to update these forward-looking statements.

Vantage Health is a US company (OTC:BB – ticker symbol VNTH) recently incorporated and public since February 2011 with the goal of providing healthcare related products and services in sub Saharan Africa. For more information about Vantage Health, please contact:Dr. Lisa Ramakrishnan / Karen SylvesterTel:

+27 (0) 21 813 6863Fax:

+27 (0) 86 604 7593ceo@vantagehealth.co.zawww.vantagehealthgroup.com
'/>"/>

SOURCE Vantage Health
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Accuray Hosts Korean Embassys Minister for Economic Affairs at Event to Support the U.S.-Korea Free Trade Agreement
2. Medication Delivery Innovator Baxa Corporation Offers Best Practices for Administering Over-the-Counter Liquid Medicine to Babies and Toddlers
3. Kaiser Permanente Study Challenges Concerns on Effectiveness of Administering Pneumococcal & Shingles Vaccines Together
4. International Prostate Cancer Treatment Expert Dr. David B. Samadi Supports Kenyan Minister of Medical Services, Peter Anyang Nyongos Decision to Travel to the U.S. for Prostate Cancer Treatment
5. Amicus Therapeutics Announces FDA Agreement to Commence Phase 2 Study of AT2220 Co-administered with Enzyme Replacement Therapy for Pompe Disease
6. Amicus Therapeutics Initiates Phase 2 Clinical Trial Evaluating Amigal™ Co-administered with Enzyme Replacement Therapy
7. In First Phase 3 Trial, Tasocitinib (CP-690,550), an Oral JAK Inhibitor, Administered as Monotherapy, Reduces Signs and Symptoms of Active Rheumatoid Arthritis and Improves Physical Function
8. Kenyan Minister of Medical Services Officially Opens Kitale Eye Unit
9. Quark Pharmaceuticals and Major Pharmaceutical Company Enter into Licensing Option Agreement for the p53 Suppressor Drug QPI-1002, the First siRNA Administered Systemically in Human
10. Zydus Novel Orally Administered GLP-1 Agonist - ZYOG1 to treat Diabetes and Obesity Enters Phase I Clinical Trial
11. Study Data Show INTUNIV™ (guanfacine) Extended Release Tablets Co-administered With Stimulants Provided ADHD Symptom Improvement in Children and Adolescents
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... , June 23, 2016 ... CAPR ), a biotechnology company focused on ... today announced that patient enrollment in its ongoing ... Duchenne) has exceeded 50% of its 24-patient target. ... in the third quarter of 2016, and to ...
(Date:6/23/2016)... , June 23, 2016 , ... on Thursday, July 7, 2016 , , , , LOCATION: ... , , , , EXPERT PANELISTS:  , , , ... Senior Industry Analyst, Christi Bird; Senior Industry Analyst, Divyaa Ravishankar and ... The global pharmaceutical industry is witnessing an exceptional era. ...
(Date:6/23/2016)... LONDON , June 23, 2016 ... environments  Oticon , industry leaders in ... the launch of Oticon Opn ™, the world,s ... world of possibilities for IoT devices.      ... Opn, Oticon introduces a number of ,world firsts,: ...
Breaking Medicine Technology:
(Date:6/27/2016)... ... 2016 , ... "FCPX editors can now reveal their media with growing colorful ... Christina Austin - CEO of Pixel Film Studios. , ProSlice Color brings the ... can now reveal the media of their split screens with growing colorful panels. , ...
(Date:6/26/2016)... ... ... Quality metrics are proliferating in cancer care, and are derived from many ... the beholder, according to experts who offered insights and commentary in the current issue ... the full issue, click here . , For the American Society of Clinical ...
(Date:6/26/2016)... ... June 26, 2016 , ... Many women are confused ... endometriosis. These women need a treatment plan to not only alleviate symptoms and ... help for preservation of fertility and ultimately achieving a pregnancy. The specialists at ...
(Date:6/25/2016)... ... 25, 2016 , ... First Choice Emergency Room , the largest network ... the Medical Director of its new Mesquite-Samuell Farm facility. , “We are pleased ... location,” said Dr. James M. Muzzarelli, Executive Medical Director of First Choice Emergency Room. ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... A recent ... that most people are unfamiliar with. The article goes on to state that individuals ... also many of these less common operations such as calf and cheek reduction. The ...
Breaking Medicine News(10 mins):