Market News

Ascendis Health today announced its first international acquisition with the purchase of a 49% stake in Spanish pharmaceutical group, Farmalider SA, for R210 million, with a right to acquire the remainder of the business in two further tranches over the next five years.   Madrid-based Farmali . . .

Fidson Healthcare plc will commission a N7.5 billion (US$38 million) drug-making plant this year to offer more options in the Nigerian pharmaceutical industry and grow its portfolio.   The new facility will double the company’s production capacity and will, for the first time, add intra . . .

Mortimer Harvey Africa Middle East has signed a two-and-a-half-year consultancy services agreement with Rameda, a state-of-the-art pharmaceutical company in Egypt. Thibaud Weick, CEO of Mortimer Harvey Africa Middle East, says the company's scope of work includes consulting, in addition to advertis . . .

Borregaard and Sappi will increase the lignin production capacity by 20,000 tonnes at LignoTech South Africa. The added volume will be marketed to the joint venture company's existing applications and geographical markets. The investment by LignoTech is estimated at R105m (approx. US$ 8.5 million), . . .

Health Systems Technologies (Pty) Ltd (HST), a subsidiary of African Equity Empowerment Investments Limited (AEEI), has secured a contract with the Tanzanian Ministry of Health to implement Laboratory Information Management Systems (LIMS). HST, a leading provider of integrated healthcare solutions i . . .