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International financiers pump R10bn into SA's Aspen Pharmacare to boost Covid-19 vaccine production


International financiers pump R10bn into SA’s Aspen Pharmacare to boost Covid-19 vaccine production
Peter Fabricius
© Copyright (c) Daily Maverick , All Rights Reserved
The World Bank, France, Germany and the US are pumping €600-million – about R10-billion – into the South African pharmaceutical company Aspen Pharmacare to boost its production of Covid-19 vaccines for Africa.
The injection will bolster Aspen’s finances so it can continue to produce vaccines under licence for the US pharmaceutical corporation Johnson & Johnson at its sterile plant in Gqeberha. Aspen is compounding, finishing, filling and packaging J&J’s Janssen vaccines and supplying them to South Africa and the rest of Africa. ....

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