SHL 0.55% $33.01 sonic healthcare limited

sie generic pharmaceuticals

  1. 5,447 Posts.
    SciGen,the Sonic Health spin off is targeting the generic pharmaceutical market.This is the expiring patents on various drugs,vaccines around the world enabling generic products to be manufactured without patent constraints.Products that will have patent expiry by 2005 have worldwide sales of US$100 billion.A fraction of this is worth building a business around.They already have some products on the market and many more in the pipeline awaiting expiry dates.Foreign shareholders who could not participate in the spin off are selling at the moment,which has given an opportunity to local investors to buy at bargain prices.Sonic has retained its current holding,actually increasing to 74% while selling to outside investors.This shows confidence in the business.Very similar to CSL float and Cochlear spin off.Worth watching.
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