Aspen Pharmacare

Latest Headlines

Latest Headlines

Aspen eyes more overseas buys after recent deals pay off

South Africa-based Aspen Pharmacare is looking for more overseas products and companies to snap up. CEO Stephen Saad tells Reuters that he's "looking the hardest" in Asia.

GSK will tailor vaccine portfolio, improve access as part of wider Africa initiative

GlaxoSmithKline has long been a leader in producing vaccines for Africa, but now it's going one step further. The British pharma will tailor a portfolio of meds to address specific health needs on the continent and increase the registration of drugs and vaccines it already has, the company said this week.

Transfer of GSK plant to Aspen Pharmacare will wait until midyear

GlaxoSmithKline says its $1.1 billion deal to sell its older heart medicines Arixtra and Fraxiparine to Aspen Pharmacare has been completed. The South African drugmaker took control of most of the commercial operations for those products Wednesday, but it will be midyear before it takes over control of a GSK manufacturing site in France to produce them.

GSK cashing in one-third of its stake in South Africa's Aspen

If you take a big bet on an up-and-coming pharmaceutical maker and you turn out to be right, you should be able to reap some profit from your investment. That's what GlaxoSmithKline ($GSK) intends to do with a third of its stake in Aspen Pharmacare, a fast-growing South African drugmaker that has had a partnership with GSK since 2009.

Top 10 generics makers by 2012 revenue

The Hatch-Waxman Act shook up the generic drugs business in 1984, and almost 30 years later, it's safe to say the law had its desired effect. About 84% of the 4 billion prescriptions written each year are for generic drugs, saving patients and government programs billions of dollars a year. In other words, generic drugs are big business. And with a slew of blockbuster brands now off patent, it's a big business with growing pains.

Aspen lines up manufacturing for global push

South Africa's Aspen Pharmacare Holdings is marshalling its manufacturing assets as it prepares for a big global push next year. A big part of that expansion will come from new API and drug manufacturing operations it is buying from Merck and GlaxoSmithKline.

South Africa's Aspen reports head-turning results

While some of the biggest names in drugmaking are having a hard time growing their bottom lines, South Africa's Aspen Pharmacare Holdings is seeing the kind of growth that would be the envy of any in the business. And it claims the best is yet to come.

With Aspen deal, Merck finally able to shrink legacy Organon sites

Last Thursday, Merck & Co sold off a Netherlands-based API plant to Aspen Pharmacare, with the latter company looking to expand its manufacturing operations in Europe. Merck, however, might be relieved to contract its own operations in that particular corner of the continent, as the plant is part of an inherited manufacturing network that began causing the company grief when it tried to slash jobs there in 2010.

Merck's API sale to Aspen ends long effort to protect some jobs in Netherlands

For Aspen Pharmacare, the purchase of a Netherlands-based API plant from Merck & Co. was just a piece of a European expansion strategy that has recently taken flight. But for Merck, the sale meant saving some jobs at an inherited plant that was part of labor controversy in years past.

Aspen feeds its global appetite with 2nd deal in a week

South Africa's Aspen Pharmacare ast year said it had aspirations to expand into Europe. In the last week it has gone after that plan with a vengeance, announcing two deals that would give it a footprint in the U.S. and Europe and products that are sold globally.