You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App

NEW SENS search and JSE share prices

More about the app

Aspen plans to expand vaccine manufacturing for African access

The campaign is ‘so that Africa can lessen its reliance of being an importer of 99% of all its vaccines’.
Image: Supplied

Aspen Pharmacare Holdings plans to expand its manufacturing capabilities to improve access to vaccines in Africa.

Africa’s largest pharmaceutical company is seeking assurances on technology transfers and assistance with licenses, chief executive officer Stephen Saad said in a statement after a seminar hosted by French President Emmanuel Macron and South African President Cyril Ramaphosa.

The campaign is “so that Africa can lessen its reliance of being an importer of 99% of all its vaccines,” Saad said. Sub Saharan Africa has only managed to vaccinate 2% of its population against the coronavirus to date.

Read/listen: Aspen on the up

There are fewer than 10 vaccine manufacturers in Africa, based across South Africa, Egypt, Morocco, Tunisia and Senegal, according to the World Health Organization. And most of those carry out packaging and labelling rather than manufacturing.

Macron said during a visit to South Africa this week that France was in favour of lifting hurdles to allow vaccine production on the continent. France already has a partnership with South Africa’s Biovac Institute and would soon start a project with the Durban-based Aspen, according to Macron. The country supports waiving of intellectual property rights for Covid-19 vaccines, a move also supported by US President Joe Biden.

Aspen has a deal with Johnson & Johnson to fill and finish its version of the Covid-19 vaccine at its R3.4 billion plant completed last year. It also produces dexamethasone and aesthetics used to treat the virus.

© 2021 Bloomberg

COMMENTS   7

Sort by:
  • Oldest first
  • Newest first
  • Top voted

You must be signed in to comment.

SIGN IN SIGN UP

Aspen is a glorified bottling company and do not manufacture vaccines !!
Just a lot of political spin here !!

Hence the article they would seriously like to be so much more than “a bottling company” Technology transfers & intellectual property agreements would open doors to manufacturing partnerships. Their R3,4bil facility is ready & waiting for this to happen.

You dont just manufacture vaccines.The last time SA manufactured a vaccine was in 1991

You dont just manufacture vaccines.The last time SA manufactured a vaccine was in 1991

Even a bottling company needs water, that’s what Port Elizabeth doesn’t have a lot of.

Hooray, please no Cuban vaccines.

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Podcasts

INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles:
Click a Company: