UIA gives Prof. Ogwang five acres in Soroti to set up Covidex factory
According to UIA, the investment will enable Ogwang develop Covidex and other solutions to enable the growth of the' pat ...
Uganda Investment Authority (UIA) has licensed and supported Jena Herbal Ltd with land to kick-start its drug manufacturing investment in Uganda.
Jena Ltd, owned by Prof. Patrick Engeu Ogwang, has been given five acres of land in Soroti Industrial Park, where Ogwang is expected to set up a factory.
According to UIA, the investment will enable Ogwanga develop Covidex and other solutions to enable the growth of the' pathogenic economy.'
Handing the license to Ogwang, Minister of Investment and Privatization, Evelyn Anite said, the Authority would continue to prioritise the channeling of its investment support to local scientists and innovators that are active in the pathogenic economy.
She said as a developing country, Uganda stands to benefit from investments in this nascent sector. Ogwang said preparations to set up a fully-fledged factory in Soroti district are in high gear.
The development comes hardly days after Ogwanga applied to Uganda Registration Services Bureau (URSB) for a trademark recognition of his drug.
The application was made under reference number 2021/71772 and was dated June 28, 2021. In the application, Prof Ogwanga listed his address as Akright, Entebbe Road Kampala.
Forthwith that application, according to URSB, any person or entity opposed to Prof Ogwanga's claim to the Covidex name has a period of 60 days within which to oppose the application.
They can do so by lodging a notice of opposition and will be expected to pay a fee to URSB of sh4,000 (if nationals of Uganda ) and USD 250 (if foreigners), from the date of notice, clearly giving grounds for their opposition.
" The period of lodging the notice of opposition may be extended in suitable cases by the registrar of companies, as he thinks fit, upon such terms.
(However) formal opposition should not be lodged until after reasonable notice has been given by the letter to the applicant so that he may have an opportunity to withdraw the application before the expense of opposition proceedings is incurred," URSB said in the notice which was published in the Uganda Gazette recently.