Pharma manufacturers in recovery after decline in Covid vaccine sales
Two JSE-listed pharmaceutical manufacturers are feeling the impact of declines in Covid vaccine sales and are turning to more profitable pursuits.
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Two JSE-listed pharmaceutical manufacturers are feeling the impact of declines in Covid vaccine sales and are turning to more profitable pursuits.
Key products in the portfolio Aspen Pharmacare is acquiring include Viagra, Lipitor, Lyrica, Zoloft and Norvasc.
Shares rose as much as 8.6% on Thursday and were trading 5.6% higher by 10:33 a.m in Johannesburg.
Aspen Pharmacare has embarked on a project to convert plastic into a gas that drives electricity, and plans to be off the grid in Gqeberha within two years: CFO Sean Capazorio.
The group has just sealed a deal with the Serum Institute of India to manufacture, market and distribute four Aspen-branded routine vaccines in Africa.