Uncertainties cloud Pharmaniaga

TheStar Fri, Jul 23, 2021 09:20am - 2 years View Original


The optimism on the new vaccine division, which hinges solely on the Sinovac vaccine, looks uncertain and makes earnings forecasts difficult.

PETALING JAYA: Earnings visibility appears murky beyond 2021 for Pharmaniaga Bhd as it has yet to get an extension for its medical supply contract from the government which expires by year-end.

Pharmaniaga is the largest listed pharmaceutical company in the country by revenue with the government’s drug and medical supply concession in-hand.

However, the contract was extended in 2019 for a five-year period expiring by year end.

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Comments

Matthew G.K.H. Lim
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This is clearly purposive outdated misinformed reporting to misrepresent situation ...cuz likely some big guy unhappy couldn't collect.

Contract is extended else halal vaccine project with MoH wouldn't have accelerated. Also vaccine FF ramped from Apr/May onwards from 2m to 4m doses else how could have reported completed govt order?
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