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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 273.96
Change 3.96
% Change 0.01
Cumulative volume 1145346
Market cap 125.02bn

Last Updated: 24/04/2014 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

ADCOCK INGRAM HOLDINGS LIMITED [JSE:AIP]

Last traded 60.11
Change 0.21
% Change 0.00
Cumulative volume 244004
Market cap 10.56bn

Last Updated: 24/04/2014 at 04:28. 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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