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AIP
AIP
AIP - Adcock Ingram Holdings Limited - Update on the MCC resolution to
withdraw Dextropropoxyphene-Containing Medicines from the South African
market
Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 2007/016236/06
Share code: AIP
ISIN: ZAE000123436
("Adcock Ingram")
UPDATE ON THE MCC RESOLUTION TO WITHDRAW DEXTROPROPOXYPHENE-CONTAINING
MEDICINES FROM THE SOUTH AFRICAN MARKET
Adcock Ingram shareholders are referred to the announcements released by
Adcock Ingram on 10 December 2010 relating to the recommendation by the
Medicines Control Council of the Department of Health ("MCC") to withdraw
dextropropoxyphene ("DPP")-containing medicines from the South African
market.
Shareholders were notified that Adcock Ingram would suspend all promotion and
sales of DPP-containing products pending further interaction with the MCC and
that Adcock Ingram would work with the MCC to formulate and execute a plan
going forward to ensure continued safety of South African patients. The MCC
later requested Adcock to prepare for a discussion with the Council on the
safety of DPP and measures to be taken by healthcare providers. All the
relevant documents were submitted to the MCC.
The MCC has considered comments received from Adcock Ingram at a recently
held meeting and has resolved to withdraw the registration of all DPP-
containing medicines within three months from the date of the notice, being
20 April 2011.
Shareholders are advised that Adcock Ingram has a right to appeal the
decision made by the MCC in accordance with section 24 of the Medicines and
Related Substances Control Act 101 of 1965. The board of directors of Adcock
Ingram has resolved to exercise that right and accordingly Adcock Ingram
intends formulating and lodging an appeal with the MCC. Shareholders will be
informed of further developments as necessary.
For queries please contact:
Dudu Ndlovu
Group Corporate Affairs,
Investor Relations and Government Relations
Adcock Ingram
Tel: +2711 635 0171
Mobile: +27(0) 71 689 9796
For Media queries please contact:
Nthabiseng Mofokeng
Tel: 011 502 7413
E-mail: nmofokeng@brunswick.co.za
Cecilia de Almeida
Tel: 011 502 7418
E-mail: cdelameida@brunswick.co.za
Midrand
20 April 2011
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 20/04/2011 17:23:01 Produced by the JSE SENS Department.
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