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Tag: generic

The battle against Big Pharma for cheap drugs

Drug makers are fighting attempts to change the patent laws in South Africa that would allow cheaper generics on to the market – life-saving medication to treat life-threatening diseases. There is precedent for the country, however, in a ruling by the Indian Supreme Court over the patent for cancer drug Gleevec.

Aspen buys Latin American firm

South African generic drug maker Aspen Pharmacare is expanding its international presence by acquiring half of Strides Latina, a unit of India-based Strides Arcolab that operates mainly in Brazil, Mezico and Venezuela, for US$152.5-million (about R1.03-billion).

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