AIP - Adcock Ingram - Adcock Ingram and MSD (South Africa) enter into strategic
AIP
AIP
AIP - Adcock Ingram - Adcock Ingram and MSD (South Africa) enter into strategic
co-promotion and distribution agreements and withdrawal of cautionary
announcement
Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 2007/016236/06
Share code: AIP
ISIN: ZAE000123436
("Adcock Ingram")
ADCOCK INGRAM AND MSD (SOUTH AFRICA) ENTER INTO STRATEGIC CO-PROMOTION AND
DISTRIBUTION AGREEMENTS AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Adcock Ingram has entered into a five-year
strategic collaboration to co-promote and distribute a number of established MSD
products. MSD is a trade name of Merck & Co., Inc. ("Merck"), with headquarters
in Whitehouse Station, New Jersey, USA. The MSD products that will be co-
promoted by MSD and Adcock Ingram include MSD`s over-the-counter products
currently registered in South Africa and selected prescription medicines.
MSD is a global healthcare leader with a presence in more than 140 countries and
is currently ranked number 8 in South Africa in a survey conducted by IMS
Health, the world`s leading provider of market intelligence to the
pharmaceutical and healthcare industries. The collaboration between MSD and
Adcock will be managed by a Joint Operating Committee consisting of management
members of both companies.
The financial effects of the transaction are not material.
Adcock Ingram shareholders are advised that the cautionary announcement dated
Monday, 21 June 2010 relating to this transaction is withdrawn. Adcock Ingram
shareholders should, however, note that Adcock is still trading under cautionary
as a result of the transaction relating to the initiation of the call option
process by Baxter Healthcare SA and should continue to exercise caution when
dealing in Adcock Ingram securities until a further announcement is made.
Midrand
24 June 2010
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 24/06/2010 07:47:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
