Aspen Pharmacare

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Aspen Pharmacare Holdings Limited
Public (JSE: APN)
JSE Limited
Industry Health care, Pharmaceutical industry
Founded 1850,[1] public 1997.[1]
Headquarters Durban, South Africa[2]
Key people
 Stephen Saad (Group Chief Executive)[3]
Revenue IncreaseR12.4 billion (FY 2011)[4]
Profit IncreaseR5.6 billion (FY 2011)[4]
Total assets IncreaseR26.8 billion (FY 2011)[4]
Total equity IncreaseR13.3 billion (FY 2011)[4]
Owner Stephen Saad
Number of employees
 6,319[5]
Website www.aspenpharma.com

Aspen Pharmacare Holdings Limited is a multinational South African holding company for pharmaceutical concerns,[3] and the largest drug company in Africa.[6][7]

History

Activity in HIV/AIDS-related medicines

After complaints of anticompetitive activities by Boehringer Ingelheim and GlaxoSmithKline in 2003, Aspen was granted licenses from the companies to create generic versions of antiretrovirals (ARV) for use in the Sub-Saharan portion of Africa.[8] At the time, Aspen was already the largest generic medicine distributor in South Africa.[8] Subsequent inspections by international organizations led to a rapid increase in distribution capabilities, primarily though integration with alliance partners.[8] The company's efforts led to expanded access to affordable treatments for HIV/AIDS.[9]

Products

The company supplies more than 650 branded medicines, specializing in generics and treatments for HIV/AIDS and tuberculosis.[7]

References

  1. ↑ 1.0 1.1 Lua error in package.lua at line 80: module 'strict' not found.[self-published source]
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.[self-published source]
  3. ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 4.2 4.3 Lua error in package.lua at line 80: module 'strict' not found.[self-published source]
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.[self-published source]
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 8.2 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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