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Drug firms win R2.5bn tender

Aug 07 2012 08:05 Sapa

Company Data

ASPEN PHARMACARE HOLDINGS LIMITED [JSE:APN]

Last traded 380
Change 1
% Change 0
Cumulative volume 806705
Market cap 0

Last Updated: 30-03-2015 at 02:08. Prices are delayed by 15 minutes. Source: McGregor BFA

ADCOCK INGRAM HOLDINGS LIMITED [JSE:AIP]

Last traded 52
Change 0
% Change 0
Cumulative volume 607229
Market cap 0

Last Updated: 30-03-2015 at 01:52. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - The first tender aligned with government's latest industrial policy has been awarded by the department of health, Business Day reported on Tuesday.

The R2.55bn oral solids tender was won by Aspen Pharmacare Holdings [JSE:APN] and Adcock Ingram Holdings [JSE:AIP].

Aspen received R634m of the tender while Adcock secured R270m of it.

This is the second biggest medicines contract after HIV/Aids drugs.

The new industrial policy has designated the pharmaceutical sector as one in which local manufacturers should be given preference to boost business in South Africa.

 

 
 
 

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Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

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