South African tycoon Stephen Saad's Aspen receives $220 million for menopause drug sale
Aspen Pharmacare, led by South African tycoon Stephen Saad, has received €197 million from Ennogen and completed the sale of Ovestin in Europe.
Aspen Pharmacare
South African tycoon Stephen Saad's Aspen sells menopause drug rights for $220 million
Aspen Pharmacare, led by South African tycoon Stephen Saad, is selling the European rights to its menopause treatment Ovestin to Ennogen for €197 million.
South African tycoon Stephen Saad's Aspen to double factory profit to $100 million
Aspen Pharmacare, the drugmaker led by South African tycoon Stephen Saad, expects earnings from its factories to more than double this financial year.
South African pharma tycoon Stephen Saad's Aspen shares gain $142 million in 2026
Aspen Pharmacare's founder holds shares worth $558.7 million after a 34% rally this year, yet the stake remains $1 billion below its 2015 peak.
South African tycoon Stephen Saad's Aspen pulls out of making the HIV prevention shot
Aspen has withdrawn from South Africa's plan to make Gilead's HIV prevention injection locally, with Stephen Saad citing the absence of purchase guarantees.
South African billionaire Stephen Saad is selling weight-loss drugs faster than anything he has seen
Aspen's normalised headline earnings rose 28% in constant currency on flat revenue, as Mounjaro took 53% of South Africa's weight-loss market.
Stephen Saad's Aspen secures royalty-free rights to Merck's once-monthly HIV pill
Stephen Saad's Aspen Pharmacare is one of seven drugmakers licensed to make Merck's once-monthly HIV prevention pill in 129 countries.
Aspen, controlled by tycoon Stephen Saad, wins Canadian approval for generic Ozempic
Stephen Saad's Aspen Pharmacare has won Canadian approval for a generic Ozempic, but an ingredient supply failure will keep it off shelves for months.
Aspen Pharmacare's $1.6 billion APAC sale adds $33 million to Stephen Saad's net worth
Aspen Pharmacare shares surged 7% after completing its R27bn APAC sale, adding approximately R550 million ($33.5 million) to Stephen Saad's fortune in a single trading session.
Africa CDC and Stephen Saad's Aspen strike talks on a plan to end Africa's vaccine import dependency
Africa CDC and Aspen Pharmacare announced advanced talks on a long-term vaccine supply framework on the sidelines of the Africa Forward Summit in Nairobi.
Stephen Saad's Aspen Pharmacare predicts double-digit growth despite tough first half
Aspen Pharmacare reported a steep drop in first-half earnings due to one-off restructuring costs but expects double-digit profit growth by year-end.
Stephen Saad's Aspen Pharmacare is racing to get Generic Ozempic approved in Canada by September
Africa's largest drugmaker is gunning for a Canadian green light on its generic version of Ozempic's key ingredient before summer ends.
Aspen Pharmacare founder Stephen Saad eyes Canada as first proving ground for generic Ozempic rivals
Aspen founder Stephen Saad wants Canada to be the proving ground for generic semaglutide, as competitors race regulators and supply constraints.
South African pharma tycoon Stephen Saad’s Aspen to sell Asia-Pacific assets for $1.59 billion
Stephen Saad’s Aspen will sell most Asia-Pacific operations for $1.59 billion as the drugmaker trims debt and reshapes its global footprint.
South African tycoon Stephen Saad loses $19 million from Aspen stake
Stephen Saad’s Aspen Pharmacare stake loses $19 million as shares fall, highlighting mounting pressure on Africa’s largest drugmaker.
Aspen Pharmacare investors eye CEO’s $1.2 million pay after weak results
Aspen investors head into December AGM after years of weak earnings and share losses, ready to question whether CEO pay still makes sense.