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Africa|Products
Africa|Products
africa|products

Aspen secures distribution rights for Amgen products in South Africa

4th May 2023

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

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Pharmaceutical company Aspen has concluded an agreement with biopharmaceutical company Amgen to exclusively market, distribute, use and sell Amgen’s products in South Africa for an initial term of five years, which will be renewed.

The transaction includes future pipeline products and an opportunity for expansion into the rest of sub-Saharan Africa. Amgen will continue to manufacture and supply its products to Aspen for the duration of the contract, Aspen said in an announcement.

"The transaction, which will be completed by July 1, forms part of Aspen’s strategy to be a partner of choice to leading global pharmaceutical and biotechnology companies for niche products in emerging markets. Amgen focuses on areas of high unmet medical need and has a robust pipeline including biosimilars that will be registered and/or submitted for registration in the near future.

"At present, Aspen is not represented in these therapeutic areas with a high growth potential," the company explained.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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