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Mediclinic News : Adcock acquires Pharma-Q rights

Title

Adcock acquires Pharma-Q rights

Date

2016-12-08

Link

News Description

BUSINESS LIVE Adcock Ingram Critical Care (AICC) has gained commercial rights to the Pharma-Q range of products in South Africa. The deal strengthens the offerings of the two companies, expanding their basket of products including the licensing of all Pharma-Q products to AICC, and marketing and distribution. Anthony Lesch, CEO of Pharma-Q, said the offering was much broader now, and more new products were entering SA because of the pipeline. AICC MD Colin Sheen said Pharma-Q, one of SA's few licensed sterile manufacturers, had “a product range that complements Adcock’s portfolio and commercial skills”. Funds generated through the agreement would let Pharma-Q invest in upgrades at its plant said Vicki St Quintin, corporate affairs manager at Adcock Ingram. Pharma-Q would also have access to AICC’s comprehensive distribution network, she said. Through the deal, Pharma-Q hoped that it would receive more investments from the Department of Trade and Industry and the Industrial Development Corporation. The move would also see AICC expanding its business. Pharma-Q previously conducted its own in-house marketing of its products, but due to expansion, it has been forced to bring in the expertise of an experienced company. Lesch said they had been in business with each other since Pharma-Q bought the plant from Adcock in which they now operate. The Adcock Ingram Critical Care factory in Aeroton, Johannesburg, is Africa’s only integrated medical-grade plastics and pharmaceutical manufacturing facility. Pharma-Q is one of only three licensed sterile manufacturers and the only dental cartridge manufacturer in SA.
Created at 2016/12/20 01:52 PM by Mediclinic
Last modified at 2016/12/20 01:52 PM by Mediclinic