AFT Pharmaceuticals has announced the acquisition of the hospital operations of South African company Pharma Dynamics, with medicine licenses acquired through the transaction allowing for sales in some other African territories.
In other news provided in its Dec quarter investor update, AFT has entered into an agreement with the UK's Stablepharma to commercialise a new technology that will allow the storage of a range of injectables at room temperature rather than refrigerated conditions - a project that has the potential to open a global market to the company worth in excess of US$6 billion.
"The technology's potential to reduce the considerable wastage and costs associated with pharmaceuticals that require storage in refrigerated conditions represents a significant commercial opportunity for AFT and pharmaceutical buyers worldwide," said AFT managing director Dr Hartley Atkinson.
AFT is also poised for a raft of new product launches in Canada, the UK and South Africa in the next financial year.
The above article was sent to subscribers in Pharmacy Daily's issue from 15 Jan 26
To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 15 Jan 26
