Nigerian pharma tycoon Fidelis Ayebae’s stake surges past $21 million
Fidelis Ayebae’s Fidson stake tops $21 million after a 158% stock rally, driven by growing demand for local drugs.
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Fidelis Ayebae’s Fidson stake tops $21 million after a 158% stock rally, driven by growing demand for local drugs.
Emzor is investing $23 million in Nigeria’s first API plant to cut drug imports, lower costs, and boost medicine security.
This growth was driven by a surge in sales of ethical and OTC products, reinforcing Fidson’s position as a top player in Nigeria’s pharmaceutical industry.
The collaboration with NEXIM is expected to position Fidson for a stronger presence in Africa's rapidly expanding pharmaceutical market.
This move aligns with the company’s efforts to bolster Nigeria’s self-sufficiency in healthcare, focusing on combating the country's ongoing HIV crisis.
Under Ayebae’s guidance, Fidson Healthcare has achieved exceptional financial growth, reporting a significant increase in profits for the 2022 fiscal year.
Fidson Healthcare has established itself as a leading player in the Nigerian and West African pharmaceutical industries.