SA’s biggest medicine company is in meltdown - here's everything you need to know about the crisis at Aspen

by almost a third“That's equivalent to the whole of Massmart [owner of Makro and Game]. Or Pioneer Foods,” tweeted the trader Karin Richards. “Gone.”

In the past decade, it branched out from generic medicines and went on a massive international shopping spree - buying the rights to sell GlaxoSmithKline medicines, including treatments for epilepsy, thyroid disorders, herpes, heart failure, gout, Crohn’s disease and antibiotics.

And the problem is that most of the debt is in “hard” currencies like the euro - while the bulk of its sales are in emerging markets, which typically have weak and unstable currencies.

BISouthAfrica Their prices are exorbitant together with pharmaceutical companies.

BISouthAfrica Has the all of a sudden donning of scarfs have something to do with it?

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