ASPEN PHARMACARE HOLDINGS LIMITED - Aspens response to the reported Competition Commission investigation
APN 201704240003A
Aspen’s response to the reported Competition Commission investigation
ASPEN PHARMACARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa) (“Aspen Holdings”)
Registration number 1985/0002935/06
Share code: APN
ISIN: ZAE000066692
and its subsidiaries (collectively “Aspen” or “the Aspen Group”)
ASPEN’S RESPONSE TO THE REPORTED COMPETITION COMMISSION INVESTIGATION
Media reports that the Competition Commission has decided to take up the Democratic Alliance’s
request to investigate the alleged anti-competitive conduct of Aspen in South Africa, in its preliminary
investigation into the pharmaceutical sector, has reference.
Aspen welcomes the process and the opportunity to categorically set aside such allegations of anti-
competitive behavior. Aspen is committed to full and constructive engagement with the Competition
Commission should it wish to pursue such an investigation.
It is worth noting that pharmaceutical prices are approved by the Department of Health in terms of the
Single Exit Price regulatory framework which establishes a universal fixed price for each pharmaceutical
product. Aspen has not increased pricing of its products outside of this regulatory framework.
Durban
24 April 2017
Sponsor:
Investec Bank Limited
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