Serum Institute signs deal with Aspen to sell vaccines in Africa
Aspen Pharmacare has signed a deal with the Serum Institute of India to manufacture and sell four Aspen-branded vaccines for Africa, as it seeks to utilise its near-idle COVID-19 vaccine production lines in South Africa.
Shares in Aspen jumped 6% in afternoon trade on Wednesday on news of the deal and after it posted a 31% jump in full-year profit.
The agreement gives Aspen an assured pipeline of vaccine orders for years to come, CEO Stephen Saad told Reuters in an interview.
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