08:33:12
Adcock and Merck & Co to expand Africa deal
AIP
Posted Thu, 02 Sep 2010

Business Day reported that Adcock Ingram, SA's second- biggest pharmaceutical manufacturer, has expanded its five-year co-promotion and distribution agreement with world's second- biggest drug firm, US- based Merck & Co (MSD) beyond SA's borders to include six other African countries. Adcock will expand its portfolio of products, while MSD hopes to increase sales in key African markets by leveraging off Adcock's presence there. The expanded deal includes Botswana, Namibia, Swaziland, Lesotho, Kenya, and Ghana. Marc Princen, MSD's president commented that there is a lot attention today on Brazil, China, and India, but he believes that the next set of emerging markets will be on the African continent.