Aspen Makes Multiple Moves Amid Challenging Conditions

Deals With Laurus And Sandoz Position Firm For Future Growth

 
• By Akriti Seth

South Africa’s Aspen has made multiple strategic moves, including divesting its Japanese business to Sandoz and selling its local Phekolong Pharmaceuticals South African subsidiary to Laurus Labs, as part of efforts to better position itself in the face of “challenging” market conditions.

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Aspen reports growth and builds its strategy for second half of 2020 • Source: Shutterstock

South Africa’s Aspen Pharmacare says that its recent strategic moves to divest its Japanese business to Sandoz and sell its local Phekolong Pharmaceuticals South African subsidiary to Laurus Labs are helping it to better position itself in the face of “challenging” market conditions.

According to Aspen, “the completion of the divesture of the Japanese business and the discontinuation of the commercial South African...

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