Q&A: Nevin Bradford’s plan to treat losses, restore profitability and heal shareholder dividends thirst at CiplaQCI Nevin J. Bradford, is an experienced pharma executive whose over three decades’ experience have seen him work for big names such as Glaxo, Novartis and Ranbaxy in Middle and Far East, China and Russia as well as Europe, before coming to Uganda in November 2013 to head CiplaQCI. Nevin’s early days at the drug maker were rosy. For example, between 2015 and 2018, leading up to its IPO, the company nearly doubled its turnover, from UGX117 billion to UGX227.3 billion and maintained a good profit regime- climaxing at UGX44.6 billion in 2018. Following the IPO, the flowery times withered- turnover declined to UGX192.6 billion as at year ended March 2020, fuelling a UGX23 billion loss. Shareholders have also had to withstand two ‘dividendless’ years. In this interview, Nevin tells CEO East Africa, says this rough episode is almost over and the right foundation has been put in place to fully recover from the shocks of yesteryears and put a smile on everybody’s face, especially the shareholders.

Give us an overview of CIPLAQCIL to date. How healthy is the business? The business is sound with excellent future prospects for growth and development. Its facility is one of the few WHO Good Manufacturing Practice approved facilities in the pharmaceutical sector in Sub Saharan Africa and the only one to manufacture a range of WHO Pre-Qualified ARV’s and antimalarials. This enables

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.