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Aspen Ends Potential Deal For European Business

Executive Summary

Aspen has terminated discussions with a potential partner around a deal to help it to optimize its European pharmaceuticals business.

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Aspen Outlines Four Priorities As Focus Shifts To Global Specialty

Disposing of its Nutritionals business allows Aspen to fully focus on pharmaceuticals, while the firm is looking to drive organic growth with an emphasis on its Emerging Markets division, optimizing its complex manufacturing capabilities and seeking collaborations in territories where it “lacks sufficient critical mass”. These are among the measures Aspen has identified as it outlines four priorities for the firm, as the group shifts from being a regional generics company to a global specialty business.

Aspen And Mylan Strike A Deal On Australia And New Zealand Portfolio

Mylan has bolstered its presence in key Australasian markets through a portfolio distribution arrangement with Aspen Pharma, which includes an option to buy in March 2019; the South African firm, on the other hand, is continuing to manage its portfolio in the markets, “allowing enhanced operational focus and removing complexity.”

Aspen invests in Port Elizabeth

South Africa’s Aspen will invest an additional ZAR3.4 billion (US$238 million) at its domestic Port Elizabeth manufacturing site, in “South Africa’s single biggest pharmaceutical investment”.

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