South African billionaire Stephen Saad loses more than $250 million from Aspen Pharma stake
Saad owns a 12.5-percent stake in Aspen Pharmacare Holdings, worth $566 million.
Saad owns a 12.5-percent stake in Aspen Pharmacare Holdings, worth $566 million.
Saad controls a 12.5-percent stake in the leading drug company.
The vaccine will be marketed as Aspenovax.
The collaboration will enable Africa’s largest drugmaker to increase its production capacity to meet the rising vaccine demand in Africa.
The gains came in under 24 hours, as investors positively assessed his pharma company’s deal with J&J.
Aspen Pharmacare is a South African holding founded by pharma tycoon and billionaire businessman Stephen Saad.
The figure includes a performance bonus of $777,400 and remuneration of $555,433.
Aspen is a multinational holding for pharmaceutical interests and the largest drug company in Africa.
His company, Aspen Pharmacare, is a multinational South African holding.
Shares in his Aspen Pharmacare Holdings are surging to record highs.
Shares in Aspen Pharmacare have been on a downward trend recently.
The consortium hopes to help Africa avoid continued hoarding of COVID-19 vaccines by developed countries.
Aspen is a global multinational pharmaceutical company.