Ascendis Health to offload 49% stake in pharmaceutical company Farmalider as it recapitalizes

SOUTH AFRICA – Health and wellness company Ascendis Health will sell its 49 percent stake in Farmalider to MMC International Health Holding for US$6 million as part of its plan to recapitalize the local group, a statement from the company has said. The Farmalider interest was to have been part of a group of disposals, but creditors had instead consented to the separate disposal of the company. Farmalider is a Spanish pharmaceutical company that develops, licenses and supplies mainly generic and over-the-counter products to a range of multinational companies. Farmalider…

Read More