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Group drug purchasing platform in a cheaper way for Africa
Afye Project Group drug purchasing platform in a cheaper way for Africa
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Cause of death in Africa Increase of death by stroke
By 2030, Non Communicable Diseases (NCDs) will be rapidly becoming the main cause of death in Africa NCD will increase rapidly as a cause of death The increase of stroke will be overwhelmingly high in Africa Cause of death in Africa Increase of death by stroke Source: WHO, SIEMENS Report
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The primary causes of strokes are
Dyslipidemia Diabetes Hypertension Fatal stroke can prevent if they start treatment early and keep taking medicines!
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Drug price and burden simulation for typical diabetes patients
However, drug prices are too high if you try to keep taking medicines.. Drug price and burden simulation for typical diabetes patients The medical burden for patients will be 40% - 50% of their income Average income *: 110USD/Month Burden: 1.7 USD/day** × 30 days = 51USD The medical burden for patients will be 40% - 50% of their income
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Patients tend to try cheap drugs that proved to be counterfeit drugs later
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Example of pharmaceutical companies present in Kenya
Many global pharmaceutical companies have entered the Sub-Saharan Africa market but are struggling with lack of medical data Example of pharmaceutical companies present in Kenya Source: Soft Kenya
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Our platform enables patients to purchase the drugs cheaply using group mechanism to negotiate for cheaper drug prices Afya’s platform Develop app and introduce pharmacies Prescription data Pool money to purchase medicine in the group Provide data Sell medicine with discount Deliver medicines Patient group Prescription information Pharmacies Wholesalers/ Pharmaceutical companies Purchase medicines Font in red: Our source of revenue
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Pharmaceutical company
The platform will be beneficial for patients, pharmacies, and pharmaceutical companies Patients Access to affordable authentic medication Better quality of life due to more effective treatment Pharmacy Higher revenues due to increase in repeat customers Direct access to customers for promotion Pharmaceutical company Higher revenues from larger volume of dosages Efficient Access to medical data across region
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We start from Kenya but want to expand our business to other countries in Africa
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Develop prototype and pilot
After the proof of concept, we create our prototype and start piloting and we will expand the business Expand customer base Scale out the business Proof of concept Develop prototype and pilot II III IV I Visit Kenya Interview with pharmacy, pharmaceutical companies and patient across the country Validate business model Define the requirements of the system and develop with engineer Re-visit Kenya and find pharmacies to use the system Find a pharma companies to use the collected data Expand the feature of the system upon customer’s request Acquire more pharmacies and pharmaceutical companies with the updated system Expand the model to other African countries Activities Timing June to August 2017 Sep to March 2018 April 2018 to March 2019 April 2019~
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Our team – 5 of MBA students who have the good experiences in Africa or emerging market are working on this platform
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We have a physician, Kenyan lawyer, IT engineer, and healthcare incubator as external supporters
Dr. Daisuke Shiojiri Dr. Shohei Aoki Andrew Oduor Dr. Robert Karanja Japanese physician who grew up in Kenya Give advice to Kenyan medical situation IT engineer who has experience in developing mobile application for African market Provide advice to how to develop applications Kenyan lawyer and CEO of a start-up in Kenya Provide advice on regulation side CEO of Villgro, a healthcare start-up incubator in Kenya Provide the expert advice and give connection to the team
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