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Adcock’s Annual Revenues Boosted By Higher Prices Amid Operational Challenges

Prescription Sales And Group Trading Profit Up 4%; Challenges In Clayville, Wadeville

 
• By Dean Rudge

South Africa’s Adcock Ingram welcomed 11 new product launches during its most recent financial year, as it battled on multiple fronts to maintain and ratchet up capacity at its local manufacturing facilities.

South Africa
• Source: Shutterstock

Adcock Ingram’s Prescription sales increased by 4.1% to ZAR3.43bn ($191m) in its financial year ended 30 June 2024 – a year marred by a “significant amount of productional challenges,” including for Adcock’s key high-volume liquids facility in Clayville.

The South African firm’s Prescription turnover improved thanks to an average price realization of 4.0% and a mix benefit of 1

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As financial volatility continues in the industry, Biocon’s board is considering merging its two off-patent drug businesses.

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UK-India FTA Could Offer ‘Significant Benefits’ For Generics And Biosimilars

 
• By Dave Wallace

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