AIP - Adcock Ingram wins portion of State`s ARV tender
AIP
AIP
AIP - Adcock Ingram wins portion of State`s ARV tender
Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 2007/016236/06
Share code: AIP
ISIN: ZAE000123436
("Adcock Ingram" or "the Company")
ADCOCK INGRAM WINS PORTION OF STATE`S ARV TENDER
The results of the South African government`s new antiretrovial (ARV) tender
were announced late yesterday, 13 December 2010, by National Treasury. The total
value of the State`s ARV tender is R4.162 billion and the volume is 116.9
million units of tablets, capsules and liquid preparations. The term of the
contract to provide these products is 1 January 2011 to 31 December 2012.
Adcock Ingram has been awarded 4% of the tender by value, which amounts to
R166.5 million, and 3.2% by volume for the two year period. The products awarded
to Adcock Ingram are 60% of the total volume for Zidovudine 300mg tablets and
70% of the total volume for Efavirenz 50mg capsules.
In June 2008, Adcock Ingram was awarded a value of R 663 million for the supply
of Efavirenz 600mg tablets for the period June 2008 to May 2010. The total value
of the previous tender was R3.172 billion.
Midrand
14 December 2010
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 14/12/2010 08:05:02 Produced by the JSE SENS Department.
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