Adcock Ingram

Last updated

Adcock Ingram
FormerlyEJ Adcock Pharmacy (at founding)
Company type Public
JSE: AIP
Industry Health Care, Pharmaceuticals
Founded1890;134 years ago (1890)
Headquarters,
Area served
South Africa and selected emerging markets.
Key people
ProductsPharmaceuticals and Health Care
Brandssee sections Pharmaceutical brands and Health care brands
RevenueIncrease2.svg R7.77 Billion (2021) [1] :11
Increase2.svg R947M (2021) [1]
Increase2.svg R511M (2021) [1]
Number of employees
2223 (2021) [2]
Parent Bidvest Group
Website www.adcock.com

Adcock Ingram is a South African pharmaceutical manufacturer listed on the Johannesburg Stock Exchange. Adcock Ingram manufactures and markets healthcare products to both the private and public sectors.

Contents

Company organization

In 1995, five divisions comprised the company: critical care, pharmaceuticals, consumer products, wholesale products and an international division; the international division was created to manage the company's first marketing foray outside of South Africa. [3] the international division later disappeared as a transitional unit, leaving the four core units in place.

The company's office in Leicester, England was established in August 1993, with a staff of two people. [3]

Jonathan Louw led the company's pharmaceuticals division from 2002, at which time the company's CEO was Mike Norris. [4] :8 Louw became the firm's CEO in 2006, and Norris retired shortly thereafter. [4] :9 Louw continued as CEO until at least 2013. [5] :70

History

Adcock Ingram started as a pharmacy in Krugersdorp operating under the name EJ Adcock Pharmacy in 1890. [3] [4] :8 Krugersdorp at the turn of the century was a "bustling pioneer town". [5] :42 In the early 1900s, Hyme Tannenbaum was apprenticed to then owner, Jack Blair. Hyme's brothers Jack, Len and Archie soon followed him into the pharmacy, which they eventually bought. Beginning with this one small pharmacy, the Tannenbaum brothers built a cross-country chain of retail pharmacies, a pharmaceutical and toiletry manufacturing giant and a highly respected South African success story. [6] Adcock Ingram was first listed on the Johannesburg Stock Exchange in 1950, [4] :8 the first pharmaceutical company to list on the exchange. [5] :62

The company began internationalisation in the 1990s, beginning with the United Kingdom and Australia, the former meant to be a springboard into Europe. [3]

The company was sold to Tiger Brands for R3.4 billion, [7] and became a wholly owned subsidiary in 2000. [4] :8 However, Adcock had been considered a subsidiary of Tiger Brands since 1978. [4] :8 The relationship with Tiger Brands enabled acquisitions in the 1980s such as the Mer-National division of Dow Chemicals Africa; a 40% share of Baxter's Critical Care Division; and acquisitions of Restan Laboratories and the South African interests of Sterling Winthrop. [4] :8 The company's acquisitions continued into the 1990s with Lepping, Laser, Pharmatech, Zurich Pharmaceuticals, Covan Pharmaceuticals and Salters. [4] :8 A merger between Adcock and Premier Pharmaceuticals took place in 1996, which placed Adcock as "the leading supplier of health care products in South Africa." [4] :8 2001 saw Adcock's acquisition of medical diagnostics firm Steri-Lab, and Robertsons Homecare's acquisition came in 2003. [4] :8

By 2005, Adcock revenues constituted half of all revenues for parent firm Tiger Brands. [4] :9 However, growing friction between Adcock's portfolio and the strategic direction charted by Tiger led to Tiger's effective termination in investment in Adcock, which eventually led to divestment of Adcock in 2008, which was shortly followed by Adcock's relisting on the JSE exchange as an independent firm. [4] :9

Pharmaceutical brands

Pharmaceuticals

  • Adco-Alzam
  • Adco-Ciprin
  • Adco-Dermed
  • Adco-Dol
  • Adco-Loperamide
  • Adco-Napacod
  • Adco-Salterpyn Syrup
  • Adco-Simvastatin
  • An extensive range of generic antiretroviral products
  • Alcophyllex
  • Aldomet
  • Allergex
  • Betapyn
  • Bron-Cleer
  • Cepacol
  • Citro Soda
  • Clomid
  • Compral
  • Corenza C [5] :72
  • Covancaine
  • Eetless
  • Gen-Payne
  • Iliadin nose spray
  • Ladazol
  • Lentogesic
  • Mayogel
  • Medi-Keel A
  • Mypaid
  • Myprodol [5] :72
  • Nebilet
  • Panado, tablet for headache relief [5] :69
  • Panado Syrup
  • Prelone
  • Propain Forte
  • Proscar
  • Puritone
  • Pynstop
  • Saltermox
  • Salterpyn
  • Spersadex Comp eye drops
  • Spersallerg eye drops
  • Stopayne
  • Teargel
  • Tellerge
  • Teejel
  • Uniphyl
  • Urizone
  • Veltex
  • Vomifene
  • Xylotox
  • Zocor
  • Zyloric
Panado (paracetamol) 500 mg tablets Panado Tiger Brands.jpg
Panado (paracetamol) 500 mg tablets

Health supplements

  • Bioplus, an energy supplement [8] [5] :69
  • Efamol
  • Lemplus [3]
  • Liviton
  • Probiflora, a probiotic [5] :69
  • Vita-Thion

Research supplies

  • cell culture media and supplements [9]

Health care brands

Hospital business

  • Sabax Intravenous Fluids
  • Gambro Haemodialysis
  • Colleague Infusion Pumps
  • Adco - Generic Injectables
  • Oliclinomel Nutrition Range
  • Fosrenol
  • Aranesp
  • Fenwal
  • One Alpha

Consumer brands

  • Gill (cosmetic, skin and hair care) [3]
  • Jet'aime (deodorant) [3]
  • Nice to Touch (skin care) [3]

See also

Related Research Articles

The Merck Group, branded and commonly known as Merck, is a German multinational science and technology company headquartered in Darmstadt, with about 60,000 employees and a presence in 66 countries. The group includes around 250 companies; the main company is Merck KGaA in Germany. The company is divided into three business lines: Healthcare, Life Sciences and Electronics. Merck was founded in 1668 and is the world's oldest operating chemical and pharmaceutical company, as well as one of the largest pharmaceutical companies globally.

<span class="mw-page-title-main">Cipla</span> Indian multinational pharmaceutical company

Cipla Limited is an Indian multinational pharmaceutical company headquartered in Mumbai. Cipla primarily focuses on developing medication to treat respiratory disease, cardiovascular disease, arthritis, diabetes, depression, and various other medical conditions. Cipla has 47 manufacturing locations across the world and sells its products in 86 countries. It is the third-largest drug producer in India.

McKesson Europe

McKesson Europe AG, with its headquarters in Stuttgart, Germany, is a leading international wholesale and retail company and provider of logistics and services in the pharmaceutical and healthcare sectors. The company had around 37,000 employees at the end of the 2019 financial year and is represented in 13 countries in Europe. In the 2019 financial year the company achieved a turnover of EUR 21.18 billion. The majority shareholder of the company is the US-based McKesson Corporation, which holds a share of 77.01%. The remaining 22.99% of shares are available on the open market. Kevin Kettler, a US citizen, has been Chairman of McKesson Europe since 1 November 2018.

<span class="mw-page-title-main">JSE Limited</span> Stock exchange in Johannesburg, South Africa

JSE Limited is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion, as well as an average monthly traded value of US$6.399 billion. As of March 2022, the market capitalisation of the JSE was at US$1.36 trillion.

<span class="mw-page-title-main">Alliance Boots</span> Pharmaceutical company

Alliance Boots was a multinational pharmacy-led health and beauty group with corporate headquarters in Bern, Switzerland and operational headquarters in Nottingham and Weybridge, United Kingdom.

<span class="mw-page-title-main">Perrigo</span> Irish tax-registered pharmaceutical

Perrigo Company plc is an American Irish-registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes. Perrigo maintains its corporate headquarters in Grand Rapids, Michigan, within Michigan State University's Grand Rapids Innovation Park.

<span class="mw-page-title-main">Astellas Pharma</span> Japanese pharmaceutical company

Astellas Pharma Inc. is a Japanese multinational pharmaceutical company, formed on 1 April 2005 from the merger of Yamanouchi Pharmaceutical Co., Ltd. and Fujisawa Pharmaceutical Co., Ltd.. On February 5, 2020, the company announced management changes effective from April 1, 2020.

LloydsPharmacy was the trading name of Lloyds Pharmacy Ltd, a British pharmacy company. It had around 17,000 staff and dispensed over 150 million prescription items annually. It was formerly owned by the Aurelius Group and previously the American McKesson Corporation.

Sigma Healthcare Limited is an Australian, ASX-listed company with a focus on the pharmacy industry. The company has pharmacy operations in retail, wholesale and distribution. From its head office in Clayton, Victoria, Sigma manages over 1,200 branded and independent pharmacies. Sigma Healthcare owns Australian retail pharmacy brands: Amcal, Discount Drug Stores and Guardian Pharmacy. The company also has a presence in the hospital pharmacy services, contract logistics, dose administration aids and other healthcare service adjacencies.

Clicks Retail Group is a group of healthcare, beauty, music and lifestyle products retail chains and brands based in South Africa, including Clicks pharmacies. The company was founded in Cape Town by Jack Goldin in 1968 and operates over 670 retail outlets in southern Africa. In 2003, its stock was listed on the JSE Securities Exchange South Africa.

<span class="mw-page-title-main">Ayrton Drugs</span>

Ayrton Drug Manufacturing Limited was a Ghanaian pharmaceutical company. It was established on September 24, 1965. The business entity was listed on the stock index of the Ghana Stock Exchange, the GSE All-Share Index. The factory it ran is based in Tesano, a suburb of Accra. The company's product portfolio included anti-hypertensives, hematinics, dermatological preparations, antibiotics, dewormers, pain killers and anti-inflammatory drugs. In February 2010 Adcock Ingram, a South African pharmaceutical company acquired 66% shares in the company.

<span class="mw-page-title-main">Tiger Brands</span> South African packaged goods company

Tiger Brands Limited is a South African packaged goods company. In addition to the company's South African operations, Tiger Brands has direct and indirect interests in international food businesses in Chile, Zimbabwe, Mozambique, Nigeria, Kenya, Lesotho and Cameroon. Tiger Brands is South Africa's largest food company.

<span class="mw-page-title-main">Pioneer Foods</span> South African food company

Pioneer Foods is a South African packaged goods company which in March 2020 became a subsidiary of PepsiCo. It operates in South Africa as well as two other African countries and exports a number of its brands globally. The company's core business is the production, distribution, marketing and selling of a diverse range of food, beverages and related products. The group employs approximately 8600 permanent employees.

The South African National Blood Service (SANBS) is a non-profit organisation that provides human blood for transfusion that operates in South Africa, with the exception of the Western Cape, which has its own blood service. The head office of the SANBS is in Constantia Kloof, Gauteng, near Johannesburg, but there are blood collection operations in eight of the nine provinces. Western Cape has a separate blood centre, the Western Cape Blood Service. SANBS was founded in 2001 from a merger of seven blood centres, and was embroiled in controversy in 2004 over a policy of racial profiling for blood safety.

<span class="mw-page-title-main">Aspen Pharmacare</span> Major pharmaceutical company in South Africa

Aspen Pharmacare Holdings Limited is a public multinational pharmaceutical company headquartered in uMhlanga, South Africa. Founded in 1997, it listed on the Johannesburg Stock Exchange (JSE) in 1998, and purchased South African Druggists in 1999 before expanding into international markets. Currently the largest pharmaceutical company in Africa through aggressive mergers and expansion, with major manufacturing sites in locations such as Gqeberha in South Africa, Bad Oldesloe in Germany, Notre-Dame-de-Bondeville in France, and Oss, Netherlands, Aspen is known for manufacturing and distributing branded pharmaceuticals as well as generic HIV/AIDS antiretrovirals (ARVs) and cancer medications. Among other products, Aspen has also been involved in manufacturing the Janssen COVID-19 vaccine through "fill and finish", and has the rights to sell the product under its own brand name Aspenovax. The company's revenue in 2022 was R38.6 billion. In 2016 Aspen was fined for high prices on cancer drugs, and after an investigation Aspen committed to reduce prices for 5 years in the European Union.

<span class="mw-page-title-main">AAH Pharmaceuticals</span> Pharmaceutical wholesaler of the United Kingdom

AAH is a pharmaceutical wholesaler in the United Kingdom. Originally formed in 1892 as a company selling solid fuels in South Wales, it was floated on the stock exchange in 1923. It diversified into pharmaceuticals in the 1970s.

Quantum Pharma Plc is a manufacturer and supplier of unlicensed medicines and Special Obtain products based in Burnopfield, County Durham. As of 2014, Andrew Scaife was the company's chief executive officer (CEO), who had joined the company's management team in 2009.

<span class="mw-page-title-main">Rand Merchant Investment Holdings</span>

Rand Merchant InvestmentHoldings, also referred to as RMI Holdings, is a listed financial services investment holding company that holds various insurance brands in South Africa, Australia, China, Mauritius, New Zealand, Republic of Ireland, Singapore, the United Kingdom and the United States of America.

Walgreens Boots Alliance, Inc. (WBA) is an American multinational holding company headquartered in Deerfield, Illinois, which owns the retail pharmacy chains Walgreens in the US and Boots in the UK, as well as several pharmaceutical manufacturing and distribution companies. The company was formed on December 31, 2014, after Walgreens bought the 55% stake in Alliance Boots that it did not already own. The total price of the acquisition was $4.9 billion in cash and 144.3 million common shares with fair value of $10.7 billion. Walgreens had previously purchased 45% of the company for $4.0 billion and 83.4 million common shares in August 2012 with an option to purchase the remaining shares within three years. Walgreens became a subsidiary of the newly created company after the transactions were completed. As of 2022, Walgreens Boots Alliance is ranked #18 on the Fortune 500 rankings of the largest United States corporations by total revenue.

Omnicell, Inc. is an American multinational healthcare technology company headquartered in Fort Worth, Texas. It manufactures automated systems for medication management in hospitals and other healthcare settings, and medication adherence packaging and patient engagement software used by retail pharmacies. Its products are sold under the brand names Omnicell and EnlivenHealth.

References

  1. 1 2 3 "Group Annual Financial Statement 2021" (PDF). Adcock Ingram. Retrieved 1 September 2021.[ self-published source ]
  2. "Bidvest now in control of Adcock Ingram as stake increases to 50%". 7 August 2021.
  3. 1 2 3 4 5 6 7 8 Staff (3 June 1995). "Breaking Down the Barrier". Chemist & Druggist. Vol. 243, no. 5986. Miller Freeman (United News & Media). pp. 896–7. Retrieved 17 November 2019 via Internet Archive.
  4. 1 2 3 4 5 6 7 8 9 10 11 12 Lew, Charlene C. (2013). "Adcock Ingram: Decisions and Motives That Steer Acquisitions". In Rowe, W. Glenn; Guerrero, Laura (eds.). Cases in Leadership (3rd ed.). Sage Publications. ISBN   9781452234977 via Google Books (Preview).
  5. 1 2 3 4 5 6 7 8 Rose, Rob (2013). The Grand Scam: How Barry Tannenbaum Conned South Africa's Business Elite. Cape Town, South Africa: Zebra Press, an imprint of Random House Struik. ISBN   9781770226227 via Google Books (Preview).
  6. "A look back at 120 years of progress". Essential Publishing. 28 October 2010. Archived from the original on 15 August 2011.
  7. Anderson, Belinda (7 October 1999). "Africa: Tiger Oats Bids For All". Business Day. Retrieved 17 November 2019 via AllAfrica.
  8. Staff (18 June 1994). "Major South African player embarks on UK". Chemist & Druggist. Vol. 241, no. 5937. United Newspapers. p. 1065. Retrieved 17 November 2019 via Internet Archive.
  9. Legobo KW, Mokgotho MP, Bagla VP, Matsebatlela TM, Mbazima V, Shai LJ, Mampuru L (2014). "Semi-purified extracts of Commelina benghalensis (Commelinaceae) induce apoptosis and cell cycle arrest in Jurkat-T cells". BMC Complementary and Alternative Medicine. 14 (1): 65. doi: 10.1186/1472-6882-14-65 . PMC   3941970 . PMID   24555704.

Further reading