The Department of Health defended its medicine procurement policies after an industry body blamed government tender practices for thousands of job losses. These job losses occurred among South African pharmaceutical manufacturers. The dispute highlights increasing tension between government efforts to support local pharmaceutical manufacturing and the need to secure affordable medicines. However, the Department of Health also needs to secure…
Tag: Drug Manufacturing
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Aspen Pharmacare Asset Disposals: Future Opportunities
Multinational pharmaceutical giant Aspen Pharmacare is prepared to further streamline its global operations. While the company has not officially hoisted a “for sale” sign, leadership has indicated it remains open to further Aspen Pharmacare asset disposals if the price is right. This strategic openness follows the landmark sale of its Asia-Pacific (APAC) division. The R26.5 billion transaction serves as a…