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Aspen Seeking Deals After Glaxo, Merck Purchases Fuel Growth

Aspen Pharmacare Holdings Ltd., Africa’s largest generic drugmaker, will consider further acquisitions after international sales boosted profit and offset slower growth in its home market of South Africa.

There is “both commercial, financial scope and opportunity out there,” Chief Executive Officer Stephen Saad said by phone. “There is opportunity acquisitively because the pharmaceutical industry is in quite a state of flux with a lot of big multinationals consolidating.”