Aspen Pharmacare
Major pharmaceutical company in South Africa / From Wikipedia, the free encyclopedia
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Aspen Pharmacare Holdings Limited is a public multinational pharmaceutical company headquartered in uMhlanga, South Africa.[7] Founded in 1997,[8] it listed on the Johannesburg Stock Exchange (JSE) in 1998,[9] and purchased South African Druggists in 1999 before expanding into international markets.[10] Currently the largest pharmaceutical company in Africa[11] through aggressive mergers and expansion,[7][12] with major manufacturing sites in locations such as Gqeberha in South Africa,[10] Bad Oldesloe in Germany,[13] Notre-Dame-de-Bondeville in France,[14] and Oss, Netherlands,[15] Aspen is known for manufacturing and distributing branded pharmaceuticals as well as generic HIV/AIDS antiretrovirals (ARVs)[16][10] and cancer medications.[17] Among other products, Aspen has also been involved in manufacturing the Janssen COVID-19 vaccine through "fill and finish",[18] and has the rights to sell the product under its own brand name Aspenovax.[19] The company's revenue in 2022 was R38.6 billion (US$2.36 billion).[3][20] In 2016 Aspen was fined for high prices on cancer drugs, and after an investigation Aspen committed to reduce prices for 5 years in the European Union.
Company type | Public (JSE: APN) JSE Limited |
---|---|
Industry | Health care, pharmaceutical industry |
Predecessor | Lennon Ltd |
Founded | 1850, public 1997, Durban, South Africa |
Headquarters | La Lucia Ridge, uMhlanga, KwaZulu-Natal , South Africa |
Key people | Stephen Saad (Group CE) |
Products | Specialty branded pharmaceuticals including steriles, injectables, oral solid dose, liquids, semi-solids, biologicals, active pharmaceutical ingredients |
Revenue | R 40,709,000,000 (FY 2023)[1][2] |
R 16,811,000,000 (FY 2023)[1][3] | |
Total assets | R 134,284,000,000 (FY 2023)[1][4][3] |
Total equity | R 86,236,000,000 (FY 2023)[1][5][3] |
Owner | JSE listed |
Number of employees | 9,100[6] |
Website | www |