Adcock Ingram gets profit bump as drug demand begins normalising

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SA’s cold and flu season was largely absent in 2020, but the company says improved demand and innovative marketing helped it in 2021

Adcock Ingram, which counts Panado painkillers and the cold and flu product Corenza C among its brands, says an improvement in demand for over-the-counter products and innovative marketing helped it grow trading profit by a quarter in its half year to end-December.

New products, such as additional Panado variants, helped boost Adcock’s consumer business to well above pre-pandemic levels, CEO Andy Hall told Business Day, with the group pleased by improved margins and about R200m in revenue from products that weren’t in the market a year ago...

Source: News Formal (newsformal.com)

 

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