Aspen ARV tender bid is successful

14/12/10:

Aspen ARV tender bid is successfulFollowing the announcement of the Anti-Retroviral (ARV) Tender results by the South African National Treasury Department, Aspen Pharmacare Holdings Limited is pleased to announce that its South African operating company (Aspen) has been successful in winning a number of key products in the tender, including Efavirenz and Tenofovir, in spite of strong competition. The tender is effective for a period of two years, commencing 01 January 2011.

Aspen secured more than 40% of the awarded tender value based upon expected future demand as published in the invitation to tender. The tender value is estimated to be R3.6 billion over 2 years. The South African ARV Tender is the largest of its kind in the world. Aspen has been a leading supplier to this tender since inception of the programme, providing a consistent and reliable supply of high-quality ARV products to the State.

Aspen was awarded a share of the following products:
Product/ % Awarded to Aspen

Abacavir Solution 20mg/ml
40%

Efavirenz Tablets 600mg

70%

Lamivudine Scored Tablets 150mg

70%

Nevirapine Tablets 200mg

40%

Tenofovir Tablets 300g

70%

Zidovudine Tablets 300mg
40%

These tender results are further testament to Aspen’s cost competitiveness against both local and foreign suppliers. Aspen’s range of ARV’s are produced at its world-class manufacturing facilities in Port Elizabeth, South Africa. The Group has invested more than R2 billion over the last five years in extending its manufacturing capability and enhancing the existing facilities. This has resulted in unlocking capacity to accommodate growing demand from Aspen’s domestic and foreign territories and also contributed towards further optimising manufacturing efficiencies.

In his response to the ARV Tender results, Aspen Group Chief Executive, Stephen Saad said: “These tender results confirm Aspen’s cost competitiveness and its credibility as a reliable supplier of pharmaceutical products. Aspen is proud to be able to contribute towards increasing access to affordable, high quality medicines in South Africa and thereby assist in the treatment of the HIV/AIDS pandemic.”

Aspen’s portfolio of ARV’s supports close to 900 000 patients in South Africa daily.

14 December 2010

Sponsor:
Investec Bank Limited
Date: 14/12/2010 11:48:15 Produced by the JSE SENS Department.

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