Aspen in R5.1bn Latin American drug portfolio acquisition

South African-based multinational pharmaceutical company Aspen Pharmacare will acquire a portfolio of drug products in Latin America from American-based global pharmaceutical company Viatris in a $280 million transaction .

They are getting good products there and it’s well established, and they have already got quite a big presence in the market and I think this scales it up quite nicely,” says McCurrie. “I wouldn’t worry too much about that [share price moves]. I mean they haven’t said what the profitability of the business is or anything like that. I think the market will wait for a bit more information … to see what sort of price they paid for it relative to the profit [potential].

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