Fidson, which is listed in Lagos where its stock has shed 24.6 per cent this year, is valued at N30.3 billion.
SPECIAL REPORT: Antimicrobial resistance crisis heightens in Nigeria, other countriesHaja Kadie Bangura : a tribute, By Yusuf BanguraSPECIAL REPORT: Antimicrobial resistance crisis heightens in Nigeria, other countriesHaja Kadie Bangura : a tribute, By Yusuf BanguraDrug maker Fidson Healthcare is betting that its new partnership with a trio of Chinese organisations will drive the quest to tame the spread of HIV/AIDS cases in Nigeria and the rest of the African continent.
In addition, the deal will address “the medical needs of over 1.9 million HIV-infected individuals in Nigeria, a focus of Aidea PharAidea.” Consumer goods giants Procter & Gamble and GSK were among the multinationals that shut down their operations in the country last year.Diageo, the British-based manufacturer which had been the majority owner of Guinness Nigeria for years, recently sold its stake in the beer manufacturer.
“By integrating our expertise and experience in the field of innovative drugs, we are confident in bringing greater well-being to African patients,” said Heliang Fu, the chairman of Jiangsu Aidea Pharma.
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