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Draft:Fidson Healthcare Plc

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  • Comment: more citations needed; needs more relevant Wikilinks (e.g., do the awards have Wikipedia pages? Do the foundations with which they partner?) Snowman304|talk 01:10, 22 October 2024 (UTC)
  • 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 headquartered in Lagos, with a manufacturing facility in Ota, Ogun State. Established in 1995, the company is involved in the development, manufacturing, and distribution of pharmaceutical products across Nigeria and other African markets.[1]. Its product range includes over-the-counter (OTC) medications, proton pump inhibitors (PPIs), antiretroviral drugs (ARVs), and other therapeutic formulations.[2]

History

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1995–2000: Formation and Early Expansion

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Fidson Healthcare Plc was founded in 1995 as a distributor of pharmaceutical products in Nigeria[3]. By the late 1990s, the company introduced its own products, including Ciprotab and Peflotab, both antibiotics. In 2000,Fidson commissioned its first manufacturing facility, where it produced Proton Pump Inhibitors (PPIs).

2000–2005: Manufacturing Growth

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In the early 2000s, Fidson expanded its manufacturing capabilities and introduced additional products, including Astymin, a multivitamin and amino acid supplement. In 2005, the company began producing antiretroviral drugs (ARVs)[4].

2005–2010: Financial Expansion

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Between 2005 and 2010, Fidson commissioned a second manufacturing plant in Ota, Nigeria, increasing its production capacity[5]. In 2008, the company raised N3.5 billion through a private placement and was listed on the Nigerian Stock Exchange[6].

2010–2015: Recognition and Industry Milestones

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During this period, Fidson received awards at the Nigerian Healthcare Excellence Awards. In 2014, the company completed a bond issue to raise capital for further growth[7]. Fidson holds ISO 9001:2008 certification for quality management[8].

2015–2020: Strategic Partnerships

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In 2016, Fidson commissioned a World Health Organization (WHO)-compliant manufacturing facility[9]. The company holds ISO 14001:2015 certification for environmental management[10]. It entered into partnerships with firms such as GlaxoSmithKline (GSK) and Japan's Ohara Pharmaceutical, expanding its research and production capabilities[11].

2020–Present: Recent Developments

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In 2021, Fidson was recognized as Best Employer in the Pharmaceutical Sector by the Nigeria Employers Consultative Association (NECA). The company expanded its product range, introducing additional ear and eye care products, and beginning local production of ampoule injections in Nigeria.

Products and Services

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Fidson Healthcare Plc offers a range of pharmaceutical products targeting multiple therapeutic areas. These include prescription medications for treating infections, cardiovascular conditions, diabetes, pain management, and gastrointestinal issues[12]. The company also produces over-the-counter (OTC) products for  common ailments such as cough, cold, pain relief, and digestive health. Additionally, Fidson markets nutritional supplements, along with specialty products for eye and sexual health, pediatric care, and hospital supplies[13].

Product Development Pipelines and Clinical Trials

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Fidson invests in research and development (R&D) to create new pharmaceutical formulations and improve existing ones. The company conducts clinical trials to ensure the safety and efficacy of its medications in line with regulatory standards[14].

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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Fidson has formed strategic partnerships with international firms, including GlaxoSmithKline (GSK)[15] and Bayer AG, to enhance its product offerings and production capabilities. In 2024, Fidson partnered with Chinese firms Jiangsu Aidea Pharmaceutical Co. and PharmaBlock Sciences Nanjing Inc. to build a pharmaceutical plant in Lagos to support local pharmaceutical manufacturing[16].

Corporate Social Responsibility (CSR)

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Fidson has launched several CSR initiatives focused on supporting education and healthcare. The Astymin Brilliance Reward Program (ABR) provides educational incentives to primary school pupils across Nigeria[17]. The company collaborates with the Children Emergency Relief Foundation (CERF), a non-governmental organization focused on children's welfare.[18] Fidson’s CSR initiatives also include programs like Children’s Health and Nutrition Day, promoting child health through educational outreach[19].

Awards & Recognition

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  • 2014: Winner of the Frost & Sullivan Growth Excellence Award.[20]
  • 2018: Winner of the Frost & Sullivan Best Practice Award for Competitive Strategy Innovation and Leadership.[21]
  • 2020: Recognized as a Great Place to Work and awarded Best Workplaces (Large Corporate Organizations).[22]
  • 2021: Named Best Employer in the Pharmaceutical Sector NECA.[23]

Certifications

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  • cGMP Compliance: Fidson’s manufacturing facilities adhere to Current Good Manufacturing Practices (cGMP).[24]
  • WHO GMP Certification Candidate: Fidson is under review for WHO Good Manufacturing Practices certification[25].
  • ISO 9001:2008 Certification: Reflects Fidson’s commitment to quality management[26].
  • ISO 14001:2015 Certification: Demonstrates the company’s adherence to environmental management standards[27]

References

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  1. ^ "- Africa 2013 - Oxford Business Group". oxfordbusinessgroup.com. Retrieved 2024-10-20.
  2. ^ Adams, Segun (2020-06-01). "Fidson Healthcare Plc: Turning the corner to profitability path". Businessday NG. Retrieved 2024-10-20.
  3. ^ "- Africa 2013 - Oxford Business Group". oxfordbusinessgroup.com. Retrieved 2024-10-20.
  4. ^ "Fidson Healthcare Receives Notification Letter As Independent's Pharmaceutical Manufacturing Company Of The Year – Independent Newspaper Nigeria". 2024-04-17. Retrieved 2024-10-20.
  5. ^ Staff, Daily Post (2016-07-22). "Health Minister lauds Fidson on new factory, reaffirms support for local manufacturing". Daily Post Nigeria. Retrieved 2024-10-20.
  6. ^ Olowookere, Dipo (2023-03-14). "Fidson Shops For N3.5bn from Series 4 Commercial Paper Issuance". Business Post Nigeria. Retrieved 2024-10-20.
  7. ^ Gbadeyanka, Modupe (2019-11-18). "Fidson Healthcare N2bn 5-Year Bond Matures". Business Post Nigeria. Retrieved 2024-10-20.
  8. ^ Obinna, Chioma (April 20, 2011). "Fidson Healthcare bags NIS ISO 9001:2008 Award from SON". Vanguard. Retrieved October 20, 2024.
  9. ^ Olowookere, Dipo (2023-03-14). "Fidson Shops For N3.5bn from Series 4 Commercial Paper Issuance". Business Post Nigeria. Retrieved 2024-10-20.
  10. ^ Ojoye, Taiwo (2019-03-26). "Fidson bags ISO certification". Punch Newspapers. Retrieved 2024-10-20.
  11. ^ Owoeye, Olufikayo (2019-07-22). "What to expect as Fidson signs partnership with Japanese pharmaceutical company". Businessday NG. Retrieved 2024-10-20.
  12. ^ Balogun, Folake (2023-10-19). "Drug makers cut distribution costs by 18% in H1". Businessday NG. Retrieved 2024-10-20.
  13. ^ "Fidson Healthcare Receives Notification Letter As Independent's Pharmaceutical Manufacturing Company Of The Year – Independent Newspaper Nigeria". 2024-04-17. Retrieved 2024-10-20.
  14. ^ BusinessDay (2024-09-02). "Fidson partners Liddie BE to conduct clinical study on Albendazole". Businessday NG. Retrieved 2024-10-20. {{cite web}}: |last= has generic name (help)
  15. ^ Ojerinde, Dayo (2022-01-04). "Drug manufacturing gets boost in Nigeria with GSK, Fidson partnership". Punch Newspapers. Retrieved 2024-10-20.
  16. ^ AriseNews (2024-09-27). "Fidson to Build $100m Drug Plant in Nigeria, Partners with Chinese Firms". Arise News. Retrieved 2024-10-20.
  17. ^ Ogundipe, Sola (July 12, 2011). "Nutrition: Astymin launches Brilliant Kids Programme in Lagos". Vanguard. Retrieved October 20, 2024.
  18. ^ "World Malaria Day: CERF, Fidson take medical outreach to Shomolu". Vanguard. April 28, 2022. Retrieved October 20, 2024.
  19. ^ "Fidson Advocates Better Health Care for Children – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-20.
  20. ^ Nigeria, Guardian (2015-06-25). "Fidson wins 2014 Frost & Sullivan Growth Excellence Awards". The Guardian Nigeria News - Nigeria and World News. Retrieved 2024-10-20.
  21. ^ "Fidson Carts Frost & Sullivan Best Practice 2018 Awards – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-20.
  22. ^ 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.
  23. ^ "FIDSON BAGS EMPLOYER OF THE YEAR AWARD - Africa Business". 2021-06-02. Retrieved 2024-10-18.
  24. ^ "Fidson Healthcare Receives Notification Letter As Independent's Pharmaceutical Manufacturing Company Of The Year – Independent Newspaper Nigeria". 2024-04-17. Retrieved 2024-10-20.
  25. ^ "Health Minister Lauds Fidson on New Factory – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-20.
  26. ^ Obinna, Chioma (April 20, 2011). "Fidson Healthcare bags NIS ISO 9001:2008 Award from SON". Vanguard. Retrieved October 20, 2011.
  27. ^ "Fidson Healthcare Bags ISO 14001:2015 EMS Certification – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-20.
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