Pharmaceuticals sector

Companies

Cipla Quality Chemical Industries drops Cipla as part of name change

Cipla sold its stake in the drugmaker last November to Africa Capitalworks SSA 3, a Mauritius-based investment vehicle controlled by a South African equity fund
The pharmaceutical manufacturing plant of Quality Chemical Industries Ltd in Luzira, Kampala. The company manufactures and sells antiretroviral medicines for HIV/AIDS, artemisinin-based combination therapies for malaria and hepatitis B medicines using technology from Cipla Limited. Cipla, the Indian pharmaceutical giant, sold its stake in the drugmaker in November last year to Africa Capitalworks SSA 3, a Mauritius-based investment vehicle ultimately controlled by South African private equity fund Capitalworks Group, for $25mn (Shs94.2bn).