Asian gateway for Aspen brand
Aspen,
the biggest pharmaceutical manufacturer in Africa, is setting up its first
Asian subsidiary in the Philippines, which will serve as the region’s gateway
for the Aspen brand of affordable and quality medicines.
In a
statement, Aspen Group chief executive Stephen Saad said the business
initiative formed part of the company’s global expansion strategy into emerging
and established markets.
“We
look forward to moving closely with the Philippine government and local
regulatory bodies in providing quality products to meet the healthcare needs of
the Filipino people,” Saad said.
Aspen
Philippines started commercial operations in January 2012 with only four
employees, headed by its president and CEO Ace Itchon. After two months, the
staff complement rose to nearly 100 Filipinos.
“We are
honoured and grateful that Aspen chose to establish its first Asian subsidiary
in the Philippines. Our partnership with a global pharmaceutical leader not
only makes medicines of superior quality with prices that are within means
available to Filipino patients, but it also provides employment to local
talents,” Itchon said.
“As a
trusted pharmaceutical company, Aspen is committed to positively impacting
people’s lives by providing Filipino healthcare providers and consumers with
effective and safe medicines that are within the means of the ordinary
Filipino,” she added.
Zuellig
Pharma Corp., the leading healthcare distribution specialist in Asia Pacific
and one of Aspen Philippines’ partners, will ensure that Aspen products are
always available in the local market.
The
Aspen Group is currently a supplier of branded and generic pharmaceuticals in
some 100 countries across the globe, and of consumer and nutritional products
in selected territories. Its manufacturing capability is set to exceed 8
billion tablets.
Amy R.
Remo
Philippine
Daily Inquirer
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