Wikipedia

Draft:Fidson Healthcare Plc

  • Comment: This cororate brochure needs a drastic edit to cut material thtya is purely promotional. Are you associated with the organisation? 🇺🇦 FiddleTimtrent FaddleTalk to me 🇺🇦 13:47, 18 October 2024 (UTC)
Fidson Healthcare Plc
Company typePublic company
IndustryPharmaceutical company
FoundedMarch  1995; 29 years ago (1995-03) in Lagos, Nigeria
FounderDr Fidelis Akhagboso Ayebae
Key people
Websitehttps://fidson.com/

Fidson Healthcare Plc is a Nigerian pharmaceutical company with its corporate headquarters in Lagos, and manufacturing plant in Ota, Ogun State. Established in 1995, Fidson primary engagements are  in the development, manufacturing, and distribution of pharmaceutical products across Nigeria and other African  markets.[1]. The company's product range includes over the counter (OTC) medications, proton pump inhibitors (PPIs), antiretroviral drugs (ARVs), and other therapeutic formulations aimed at addressing various healthcare needs[2].

Fidson has expanded its operations over time, achieving ISO 9001:2000 and ISO 9001:2008 certifications, which reflect its adherence to international quality standards in pharmaceutical manufacturing[3]. The company has formed a number of  strategic partnerships with global firms such as GlaxoSmithKline (GSK) and Bayer AG, enhancing its production capabilities and market reach.

In September of 2024, the Nigerian drug manufacturing company also partnered with a number of Chinese firms including Jiangsu Aidea Pharmaceutical Co, PharmaBlock Sciences Nanjing Inc, and the China-Africa Development Fund. The collaboration, formalised through a memorandum of cooperation to construct a $100 million pharmaceutical plant in Lagos aims to enhance Nigeria’s healthcare self-reliance, particularly in addressing HIV treatment needs. The new facility is expected to be completed within 30 months[4].

History

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1995–2000: Early Beginnings

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Fidson Healthcare Plc was incorporated in 1995 as a distributor of pharmaceutical products in Nigeria[5]. By the late 1990s, the company had expanded its portfolio, introducing Ciprotab and Peflotab (antibiotics). In 2000, Fidson commissioned its first manufacturing facility, becoming the first Nigerian company to produce Proton Pump Inhibitors (PPIs), contributing to the local pharmaceutical industry.

2000–2005: Expansion

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In the early 2000s, Fidson expanded its manufacturing capabilities and introduced more products into the market such as Astymin, a supplement comprising essential amino acids and multivitamins. In 2005, the company became the first in Sub-Saharan Africa to produce Antiretroviral Drugs (ARVs), providing increased access to HIV/AIDS treatment[6].

2005–2010: Growth and Milestones

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During this period, Fidson commissioned a second manufacturing plant in Ota, Nigeria, further increasing its production capacity[7]. In 2008, the company raised N3.5 billion through a private placement and was listed on the Nigerian Stock Exchange, expanding its financial base and visibility in the market[8].

2010–2015: Recognition and Achievements

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Between the years of 2010 and 2015, Fidson received various industry awards, including recognition at the Nigerian Healthcare Excellence Awards[9]. The company also completed a bond issue in 2014, raising additional capital to support its growth initiatives[10].

2015–2020: Partnerships and Compliance

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Fidson commissioned a WHO-compliant manufacturing facility in 2016, adhering to international pharmaceutical production standards[11]. The company also received ISO 14001:2015 certification for environmental management[12] and partnered with firms like GlaxoSmithKline. Fidson entered into a more strategic partnership with Ohara Pharmaceutical increasing the Japanese pharmaceutical manufacturers stake in Fidson to 21.75%.[13].

2020–Present

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In 2021, Fidson was named the Best Employer in the Pharmaceutical Sector by the Nigeria Employers Consultative Association (NECA)[14]. The company continues to pursue its strategic goals while expanding its presence in both domestic and international markets[15].

In 2024, Fidson increased its ear and eye drop portfolio, commenced the development of dialysis fluid, and pioneered the local production of ampoule injections in Nigeria.[16]

Products and Services

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Fidson Healthcare Plc offers a wide range of pharmaceutical products designed to address various therapeutic areas. These include prescription medications such as anti-infectives, cardiovascular drugs, diabetes management treatments, pain management solutions, and gastrointestinal medications[17]. The company also provides a selection of over-the-counter (OTC) products, including remedies for cough, cold, pain relief, digestive health, and allergy relief[18].

In addition to these, Fidson markets nutritional supplements, including multivitamins and general wellness products[19]. The company’s portfolio also includes specialty products for eye and sexual health, as well as personal care products targeting skin conditions[20]. Fidson also caters to pediatric healthcare with medications formulated for children and infants[21].

Furthermore, Fidson supplies hospital products such as intravenous fluids and injectable medications, along with diagnostic tools for clinical use[22].

Product Development Pipelines and Clinical Trials

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A significant portion of Fidson research and development focuses on new pharmaceutical formulations and improvements to existing products. The company conducts clinical trials to ensure the safety and efficacy of its medications, in compliance with regulatory standards[23].

Corporate Structure and Brands

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Fidson operates through a hierarchical structure comprising various subsidiaries and divisions that oversee different aspects of its business, including manufacturing, sales, and regulatory affairs

Partnerships and Collaborations

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  • GlaxoSmithKline (GSK): Fidson serves as a local manufacturing partner for GSK in Nigeria, helping to expand GSK’s product availability in the region[24]
  • Bayer AG: Fidson serves as a contract manufacturer for Bayer in Nigeria.[25]
  • Ohara, Japan: Fidson collaborates with Ohara to enhance research and development and improve its pharmaceutical product offerings.[26]
  • Jiangsu Aidea Pharma, China: Fidson partners with Jiangsu to produce and manufacture drugs for the treatment of HIV.[27]

Fidson also partners with research institutions and academic organizations to advance healthcare solutions and pharmaceutical innovation.[28]

Awards & Recognition

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  • 2014: Winner of the Frost & Sullivan Growth Excellence Award.[29]
  • 2018: Winner of the Frost & Sullivan Best Practice Award for Competitive Strategy Innovation and Leadership.[30]
  • 2018: Winner of the HR Future Workplace Award.[31]
  • 2020: Recognized as a Great Place to Work and awarded Best Workplaces (Large Corporate Organizations).[32]
  • 2021: Named Best Employer in the Pharmaceutical Sector NECA.[33]
  • 2023: Independent Phar­maceutical Manufacturer.[34]

Certifications

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  • cGMP Compliance: Fidson’s manufacturing facilities adhere to Current Good Manufacturing Practices (cGMP).[35]
  • WHO GMP Certification Candidate: Fidson is one of five Nigerian pharmaceutical manufacturers under review for WHO Good Manufacturing Practices certification.[36]
  • ISO 9001:2008 Certification: Reflects Fidson’s commitment to quality management system standard.[37]
  • ISO 14001:2015 Certification: Reflects Fidson's commitment to environmental management and sustainable practices.[38]

Corporate Social Responsibility (CSR)

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Fidson has initiated several CSR programs, including:

  • Astymin Brilliance Reward Program (ABR): This initiative is aimed at promoting academic performance and recognizing excellence among primary school pupils in Nigeria. The program engages students through various academic and school-based activities, focusing on enhancing mental and academic development.[39] Since its inception, the ABR program has reached over 10,000 pupils across 5,000 schools in Nigeria by offering cash prizes, product samples, and branded souvenirs.[40] Fidson Healthcare Plc has engaged with both private and public schools through its CSR programs. In August 2022, as part of the ABR program, Fidson awarded a partial scholarship to Faith Odunsi, admitted to the Massachusetts Institute of Technology (MIT) to study Artificial Intelligence and Robotics.[41]
  • Children Emergency Relief Foundation (CERF): Fidson Healthcare Plc has been collaborating with the Children Emergency Relief Foundation (CERF) for nearly two decades. CERF is a faith-based non-governmental organization focused on supporting vulnerable children by promoting their survival, protection, welfare, and rights. The partnership between Fidson and CERF involves providing grants and scholarship support to students, as well as health interventions for underserved communities in Lagos and Ogun States. Additionally, CERF and Fidson have worked together on initiatives such as World Malaria Day, as part of national efforts to raise awareness and combat malaria.[42]
  • Children’s Health and Nutrition Day: Aims to promote child health through educational outreach and nutritional support programs.[43]

Environmentally Friendly Business Practices

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The company utilizes natural gas in its operations, helping to reduce the environmental impact of emissions. [44]Additionally, Fidson employs eco-friendly packaging materials for its products and practices waste separation at all its facilities. It collaborates with government bodies and certified agencies to ensure that waste is properly processed and disposed of according to environmental regulations.

References

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  1. ^ "- Africa 2013 - Oxford Business Group". oxfordbusinessgroup.com. Retrieved 2024-10-18.
  2. ^ Adams, Segun (2020-06-01). "Fidson Healthcare Plc: Turning the corner to profitability path". Businessday NG. Retrieved 2024-10-18.
  3. ^ Obinna, Chioma (20 April 2011). "Fidson Healthcare bags NIS ISO 9001:2008 Award from SON". Vanguard.
  4. ^ AriseNews (2024-09-27). "Fidson to Build $100m Drug Plant in Nigeria, Partners with Chinese Firms". Arise News. Retrieved 2024-10-18.
  5. ^ "- Africa 2013 - Oxford Business Group". oxfordbusinessgroup.com. Retrieved 2024-10-18.
  6. ^ "Fidson Healthcare Receives Notification Letter As Independent's Pharmaceutical Manufacturing Company Of The Year – Independent Newspaper Nigeria". 2024-04-17. Retrieved 2024-10-18.
  7. ^ Staff, Daily Post (2016-07-22). "Health Minister lauds Fidson on new factory, reaffirms support for local manufacturing". Daily Post Nigeria. Retrieved 2024-10-18.
  8. ^ Olowookere, Dipo (2023-03-14). "Fidson Shops For N3.5bn from Series 4 Commercial Paper Issuance". Business Post Nigeria. Retrieved 2024-10-18.
  9. ^ "Nigerian Healthcare Excellence Award 2024 Winners". Nigerian Healthcare Excellence Awards. 18 October 2024.
  10. ^ Gbadeyanka, Modupe (2019-11-18). "Fidson Healthcare N2bn 5-Year Bond Matures". Business Post Nigeria. Retrieved 2024-10-18.
  11. ^ Olowookere, Dipo (2023-03-14). "Fidson Shops For N3.5bn from Series 4 Commercial Paper Issuance". Business Post Nigeria. Retrieved 2024-10-18.
  12. ^ Ojoye, Taiwo (2019-03-26). "Fidson bags ISO certification". Punch Newspapers. Retrieved 2024-10-18.
  13. ^ Olalekan, Fakoyejo (2019-07-19). "Japan's Ohara Pharmaceutical takes over 20% stake in Fidson Healthcare". Nairametrics. Retrieved 2024-10-18.
  14. ^ "FIDSON BAGS EMPLOYER OF THE YEAR AWARD - Africa Business". 2021-06-02. Retrieved 2024-10-18.
  15. ^ Onwuzoo, Angela (2024-09-19). "Fidson partners three Chinese firms to tackle HIV in Africa". Punch Newspapers. Retrieved 2024-10-18.
  16. ^ "Fidson vows to continue expansion despite challenges". The Nation. 11 July 2024.
  17. ^ Balogun, Folake (2023-10-19). "Drug makers cut distribution costs by 18% in H1". Businessday NG. Retrieved 2024-10-18.
  18. ^ Balogun, Folake (2023-10-19). "Drug makers cut distribution costs by 18% in H1". Businessday NG. Retrieved 2024-10-18.
  19. ^ Staff, Daily Post (2016-02-03). "Fidson Healthcare, GB Pharma Holdings to expand pharmaceutical outreach in Nigeria, other countries". Daily Post Nigeria. Retrieved 2024-10-18.
  20. ^ "Fidson Healthcare Receives Notification Letter As Independent's Pharmaceutical Manufacturing Company Of The Year – Independent Newspaper Nigeria". 2024-04-17. Retrieved 2024-10-18.
  21. ^ "Fidson Advocates Better Health Care for Children – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-18.
  22. ^ "Fidson Healthcare Receives Notification Letter As Independent's Pharmaceutical Manufacturing Company Of The Year – Independent Newspaper Nigeria". 2024-04-17. Retrieved 2024-10-18.
  23. ^ BusinessDay (2024-09-02). "Fidson partners Liddie BE to conduct clinical study on Albendazole". Businessday NG. Retrieved 2024-10-18. {{cite web}}: |last= has generic name (help)
  24. ^ Salau, Seyi John (2021-12-18). "GSK, FIDSON commence N10bn contract manufacturing agreement". Businessday NG. Retrieved 2024-10-18.
  25. ^ "Fidson Reaffirms Leadership in the Pharmaceutical Sector – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-18.
  26. ^ Popoola, Feyisayo (2019-07-22). "Nigerian, Japanese firms partner on pharmaceutical innovation". Punch Newspapers. Retrieved 2024-10-18.
  27. ^ "FIDSON Healthcare Announces Strategic Cooperation with a Chinese Pharmaceutical Company – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-18.
  28. ^ Obinna, Chioma (29 August 2024). "Nigerian scientists can conduct studies on Albendazole formulation — Fidson". Vanguard.
  29. ^ Nigeria, Guardian (2015-06-25). "Fidson wins 2014 Frost & Sullivan Growth Excellence Awards". The Guardian Nigeria News - Nigeria and World News. Retrieved 2024-10-18.
  30. ^ "Fidson Carts Frost & Sullivan Best Practice 2018 Awards – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-18.
  31. ^ Famuyiwa, Damilare (2019-01-03). "Fidson gets HR Future Workplace Awards". Nairametrics. Retrieved 2024-10-18.
  32. ^ Bailey, Bunmi (2020-12-08). "15 companies win big at 2020 edition of Nigeria's Great place to Work awards". Businessday NG. Retrieved 2024-10-18.
  33. ^ "FIDSON BAGS EMPLOYER OF THE YEAR AWARD - Africa Business". 2021-06-02. Retrieved 2024-10-18.
  34. ^ "Fidson Healthcare Receives Notification Letter As Independent's Pharmaceutical Manufacturing Company Of The Year – Independent Newspaper Nigeria". 2024-04-17. Retrieved 2024-10-18.
  35. ^ "Fidson Healthcare Receives Notification Letter As Independent's Pharmaceutical Manufacturing Company Of The Year – Independent Newspaper Nigeria". 2024-04-17. Retrieved 2024-10-18.
  36. ^ "Health Minister Lauds Fidson on New Factory – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-18.
  37. ^ Obinna, Chioma (20 April 2011). "Fidson Healthcare bags NIS ISO 9001:2008 Award from SON". Vanguard.
  38. ^ "Fidson Healthcare Bags ISO 14001:2015 EMS Certification – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-18.
  39. ^ Ogundipe, Sola (12 July 2011). "Nutrition: Astymin launches Brilliant Kids Programme in Lagos". Vanguard.
  40. ^ "Fidson Rewards Academic Excellence – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-18.
  41. ^ Obinna, Chioma (6 September 2022). "Fidson Healthcare awards scholarship to Nigerian mathematics queen". Vanguard.
  42. ^ "World Malaria Day: CERF, Fidson take medical outreach to Shomolu". Vanguard. 28 April 2022.
  43. ^ "Fidson Advocates Better Health Care for Children – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-18.
  44. ^ "Investments will sustain our growth, says Fidson". The Nation. 22 June 2016.
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