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?

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Aspen to split SA commercial pharmaceutical businessThe multinational drugmaker bids to strategically review its South African and European operations. I hope there will be more local ownership in the different entities Atleast there will be a job CREATIONS in these areas,well appreciated.
출처: eNCA - 🏆 49. / 51 더 많은 것을 읽으십시오 »

JSE poised for weak start to a busy day of company resultsStandard Bank Group, MTN, Sanlam and Aspen Pharmacare are four of the companies due to release results on Thursday
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

MARKET WRAP: JSE’s three-week winning streak endsIt was a mixed day for corporate news with positive results from MMI, while Aspen and Tongaat both crashed 28%
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

State nuclear company needs to be ‘reshaped’ amid crisis, MPs hearThe Nuclear Energy Corporation of SA made a loss over the past two years, with the IRP unlikely to include nuclear energy as a future requirement Please don't tell me the ANC have their numbskulls running our nuclear power plants too..
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »