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Aspen mulls sale of infant formula unit

By: Reuters     11th September 2018 South African drug maker Aspen Pharmacare said on Tuesday it was in discussions to sell its global infant formula business, but did not give any further details. Aspen's infant milk formula business sells infant milk formula in the Asia-Pacific, Sub-Saharan Africa and Latin America, and has a... 

KZN Manufacturing Indaba 2018 Primes Manufacturers for Success

30th August 2018 Prime movers and participants of the nation’s manufacturing sector attended the Kwazulu Natal Manufacturing Indaba  in record numbers at the Durban International Convention Centre (ICC) on the 22 August 2018. The annual event assembled provincial manufacturers and businesses to explore growth... 

Aspen Pharmacare high-containment facility, South Africa

By: Sheila Barradas     1st June 2018 Aspen Pharmacare opened the high-containment facility in May. 

Aspen secures €3.4bn credit line

By: Reuters     17th May 2018 Aspen Pharmacare, Africa's biggest generic drugmaker, said on Thursday it had secured a €3.4-billion ($4-billion) credit facility for refinancing debt at three of its subsidiaries. Aspen, which has operations in 50 countries, said the facilities were 70 percent oversubscribed and would be used... 

South Africa may ask pharma firms for fee to clear drug review backlog

By: Reuters     9th April 2018 Drugmakers in Africa's largest pharmaceutical market may be asked to pay a "backlog fee" to help clear a pipeline of medicines waiting years for approval, according to a proposal being considered by South Africa's new industry regulator. Delays for hundreds of medicines have kept the latest... 

Therapeutic brands help lift Aspen Pharmacare's H1 profit

By: Reuters     8th March 2018 South Africa's Aspen Pharmacare said on Thursday first-half earnings rose 26%, buoyed by a strong result from therapeutic focused brands and positive performance of the pharmaceutical business in its home market. Aspen, which counts developed Europe as its biggest revenue generator, has been... 

Aspen to start review of infant milk formula unit

By: Reuters     29th January 2018 Aspen Pharmacare will review its infant milk formula business with options including a sale to a strategic partner, Africa's biggest generic drugmaker said on Monday. The unit, which has factories in New Zealand, South Africa and Mexico, follows the approval by the China Food and Drug... 

Aspen Pharmacare to start selling its infant formula milk Alula in China

By: African News Agency      15th January 2018 South African multinational pharmaceutical drug maker, Aspen Pharmacare, said on Monday that it would start distributing its infant formula milk in China. This comes after the China Food and Drug Administration (CFDA) announced on Friday that it had approved the registration of Aspen's infant... 

South African regulator reviewing volatile share trading

By: Reuters     12th January 2018 A South African market regulator said on Friday it was reviewing volatile trading activity sparked by market speculation that a research group would release a negative report on a listed firm. The regulator confirmed in an emailed response to questions that it was reviewing unusual activity in... 

Aspen denies knowledge of probe by US research group

By: African News Agency      9th January 2018 South African drug maker Aspen Pharmacare on Tuesday dismissed reports that its books were under scrutiny by an independent US research group, Viceroy Research, for possible accounting irregularities in its 2017 financial year. This comes after market speculation regarding a possible report into... 

Competition Commission swoops on pharmaceutical companies

By: African News Agency      13th June 2017 The Competition Commission on Tuesday announced that it has initiated an investigation of anti-competitive conduct into companies in the healthcare sector relating to provision of cancer medicine in South Africa. The commission said it would be investigating pharmaceutical giants like Roche,... 

Aspen welcomes DA-initiated price-fixing probe

By: African News Agency      24th April 2017 Aspen Pharmacare on Monday issued a statement welcoming reports that South Africa’s Competition Commission had agreed to take up a request from the country’s official opposition to investigate alleged anti-competitive conduct by the company. The South African pharmaceutical company said it... 

Wealth of top three South African billionaires equal to that of bottom half of country's population

By: News24Wire      16th January 2017 The wealth of the top three South African billionaires is equal to that of the bottom half of the country's population, Oxfam South Africa (SA) said in a report released on Monday. The report, entitled ‘An economy for the 99%’, coincides with the upcoming forty-seventh World Economic Forum (WEF)... 

HAZLETON PUMPS CEO and Founder wins prestigious AABLA Award as Industrialist of the Year for Southern Africa

24th October 2016 The All Africa Business Leaders Awards (AABLA™) in partnership with CNBC Africa honour remarkable leadership and salute game changers of business on the continent for their continuing commitment to excellence, developing best practices and innovative strategies. CNBC Africa is proud to continue... 

Aspen expands anaesthetics portfolio with product acquisitions

By: Megan van Wyngaardt     12th September 2016 To further expand its footprint in the anaesthetics field, healthcare solutions provider Aspen Pharmacare has signed agreements with a number of GlaxoSmithKline’s (GSK’s) subsidiaries to acquire a portfolio of anaesthetics globally. The portfolio, which comprises five established medicines,... 

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