ADVISORY/Capitol Hill Press Conference to Announce $250 Million in U.S. Ex-Im Bank Guarantees In New Program To Solve Problem of Distributing HIV/AIDS Drugs in Africa.Business Editors/Health & Medical Writers ADVISORY...(for Wednesday, Feb. 28) --(BW HealthWire) Who: Phyto-Riker Pharmaceuticals & Export-Import Bank Export-import Bank (Ex-IM Bank) The U.S. federal government agency that extends trade credits to U.S. companies to facilitate the financing of U.S. exports. of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. What: Will announce: -- Creation of HIV/AIDS distribution program to make patented anti-AIDS drugs available in sub-Saharan Africa -- Coupled With Ex-Im Bank guarantee program to facilitate purchase of latest U.S. HIV/AIDS medicine and diagnostic equipment for sub-Saharan Africa Where: RAYBURN HOUSE OFFICE BUILDING The Rayburn House Office Building (RHOB) is a congressional office building for the U.S. House of Representatives in the Capitol Hill neighborhood of Washington, D.C., between South Capitol Street and First Street. , Washington, DC Room 2322 When: Wednesday, February 28, at 11:00 am Attending: Dr. Richard W. Anane, Minister of Health, the Republic of Ghana, Rep. Charles Rangel (D-NY), James Harmon, Chairman, Ex-Im Bank See Export-import Bank. , Rep. Gregory Meeks (D-NY), Kennon A. Brennen, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Phyto-Riker Pharmaceuticals, and Members of the Congressional Black Caucus Congressional Black Caucus, organization of African-American members of the U.S. House of Representatives. Founded in 1970, it addresses legislative concerns of African Americans and other minority citizens, such as employment, welfare reform, minority business Africans suffering from HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. or AIDS could begin to have access to patented HIV life-prolonging drugs over the next several months because of a new program that solves the major problem of distributing the drugs in Africa. Phyto-Riker Pharmaceutical's president and CEO Kennon Brennen and Ex-Im Bank Chairman James Harmon will join Dr. Richard W. Anane, Minister of Health of the Republic of Ghana at a formal signing ceremony on Wednesday, Feb. 28, in Room 2322 at the Rayburn House Office Building, Washington, DC. At the event, Brennen will explain how the innovative program will enable African victims to obtain the latest AIDS drugs. A crucial part of the solution to Africa's AIDS epidemic is the formation of an economically viable distribution program that makes anti-AIDS drugs available. Phyto-Riker, which already has an established distribution system for supplying drugs within Africa, will obtain the anti-AIDS medicines from major U.S. pharmaceutical companies and will administer the drug distribution system. Details of the program will be provided at the conference. In addition to plans to distribute anti-AIDS drugs, Phyto-Riker, headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with manufacturing facilities in Ghana, is a leading maker and repackager of generic drugs that it sells through its own distribution network in 18 African nations. Ex-Im Bank will sign a Memo Of Understanding relating to an initial $250-million in loan guarantees for purchase of U.S.-made medicines. |
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