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Draft:Fidson Healthcare Plc

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  • Comment: I am taking the unusual step of a second review of this blatant advert to suggest to the paid editor that they stop resubmitting this until they have learned their trade.
    This remains a corporate brochure.
    Declaring paid editing does not mean that you can wrote promotional material. Please do not resubmit this until it is in the state that you are being paid to submit, that is an acceptable state. 🇺🇦 FiddleTimtrent FaddleTalk to me 🇺🇦 15:00, 29 October 2024 (UTC)
  • 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.[1], the company is involved in the development, manufacturing, and distribution of pharmaceutical products across Nigeria and other African markets.[2]. Its product range includes over-the-counter (OTC) medications, proton pump inhibitors (PPIs), antiretroviral drugs (ARVs), and other therapeutic formulations.[3]

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. By the late 1990s, the company introduced two antibiotic brands[4]. In 2000, Fidson commissioned its first manufacturing facility, where it produced Proton Pump Inhibitors (PPIs)[5].

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)[6].

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[7]. In 2008, the company raised 3.5 billion naira (approximately $30 million at the time) through a private placement[8] and was listed on the Nigerian Stock Exchange[9].

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[10]. Fidson holds ISO 9001:2008 certification for quality management[11].

2015–2020: Strategic Partnerships

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In 2016, Fidson commissioned a World Health Organization (WHO) - compliant manufacturing facility[12]. The company holds ISO 14001:2015 certification for environmental management[13]. It entered into partnerships with firms such as GlaxoSmithKline (GSK) and Japan's Ohara Pharmaceutical, expanding its research and production capabilities[14].

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)[15]. The company expanded its product range, introducing ear and eye care medication, and began 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[16]. The company also produces over-the-counter (OTC) products for  common ailments such as cough, cold, pain relief, and digestive health[17].

Partnerships & Collaborations

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Fidson has partnerships with multinational firms like GlaxoSmithKline (GSK)[18] and Bayer AG[19]. In 2024, the company 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.[20]

Corporate Social Responsibility (CSR)

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Fidson has launched several CSR initiatives focusing on supporting education and healthcare. The Astymin Brilliance Reward Program (ABR) provides educational incentives to primary school pupils across Nigeria[21]. The company collaborates with the Children Emergency Relief Foundation (CERF), a non-governmental organization focusing on children's welfare.[22] Fidson’s CSR initiatives also include programs like Children’s Health and Nutrition Day, promoting child health through educational outreach[23].

Awards & Recognition

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Certifications

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References

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  1. ^ "Fidson Healthcare Plc". PMG-MAN. Retrieved 2024-10-29.
  2. ^ "- Africa 2013 - Oxford Business Group". oxfordbusinessgroup.com. Retrieved 2024-10-20.
  3. ^ "Fidson Healthcare PLC, FIDSON:LAG profile - FT.com". markets.ft.com. Retrieved 2024-10-29.
  4. ^ Olowookere, Dipo (2023-03-14). "Fidson Shops For N3.5bn from Series 4 Commercial Paper Issuance". Business Post Nigeria. Retrieved 2024-10-29.
  5. ^ Egwuatu, Peter (November 8, 2010). "Fidson average growth rate over 20% in 6 yrs, Ayebae". Vanguard. Retrieved October 29, 2024.
  6. ^ "Fidson Healthcare Receives Notification Letter As Independent's Pharmaceutical Manufacturing Company Of The Year – Independent Newspaper Nigeria". 2024-04-17. Retrieved 2024-10-29.
  7. ^ Staff, Daily Post (2016-07-22). "Health Minister lauds Fidson on new factory, reaffirms support for local manufacturing". Daily Post Nigeria. Retrieved 2024-10-20.
  8. ^ Olowookere, Dipo (March 14, 2023). "Fidson Shops For N3.5bn from Series 4 Commercial Paper Issuance". Business Post. Retrieved October 29, 2024.
  9. ^ "Fidson Healthcare Limited (FIDSON.ng)". African Financials. 2023-03-14. Retrieved 2024-10-29.
  10. ^ Gbadeyanka, Modupe (2019-11-18). "Fidson Healthcare N2bn 5-Year Bond Matures". Business Post Nigeria. Retrieved 2024-10-29.
  11. ^ Obinna, Chioma (April 20, 2011). "Fidson Healthcare bags NIS ISO 9001:2008 Award from SON". Vanguard. Retrieved October 20, 2024.
  12. ^ Olowookere, Dipo (2023-03-14). "Fidson Shops For N3.5bn from Series 4 Commercial Paper Issuance". Business Post Nigeria. Retrieved 2024-10-29.
  13. ^ Ojoye, Taiwo (2019-03-26). "Fidson bags ISO certification". Punch Newspapers. Retrieved 2024-10-29.
  14. ^ Fakoyejo, Olaleka. "Japan's Ohara Pharmaceutical takes over 20% stake in Fidson Healthcare". Nairametrics. Retrieved 2024-10-29.
  15. ^ "FIDSON BAGS EMPLOYER OF THE YEAR AWARD - Africa Business". 2021-06-02. Retrieved 2024-10-29.
  16. ^ Balogun, Folake (2023-10-19). "Drug makers cut distribution costs by 18% in H1". Businessday NG. Retrieved 2024-10-20.
  17. ^ Balogun, Folake (2023-10-19). "Drug makers cut distribution costs by 18% in H1". Businessday NG. Retrieved 2024-10-29.
  18. ^ Popoola, Feyisayo (April 18, 2019). "GSK, Fidson to expand drug production in Nigeria". Punch. Retrieved October 29, 2024.
  19. ^ "Fidson Reaffirms Leadership in the Pharmaceutical Sector – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-29.
  20. ^ AriseNews (2024-09-27). "Fidson to Build $100m Drug Plant in Nigeria, Partners with Chinese Firms". Arise News. Retrieved 2024-10-29.
  21. ^ "Fidson set to reward brilliant kids with Astymin brilliance reward". Tribune Online. 2016-07-06. Retrieved 2024-10-29.
  22. ^ "World Malaria Day: CERF, Fidson take medical outreach to Shomolu". Vanguard. April 28, 2022. Retrieved October 20, 2024.
  23. ^ "Fidson Advocates Better Health Care for Children – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-20.
  24. ^ 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.
  25. ^ "Fidson Carts Frost & Sullivan Best Practice 2018 Awards – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-20.
  26. ^ 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.
  27. ^ "FIDSON BAGS EMPLOYER OF THE YEAR AWARD - Africa Business". 2021-06-02. Retrieved 2024-10-18.
  28. ^ "Fidson Healthcare Receives Notification Letter As Independent's Pharmaceutical Manufacturing Company Of The Year – Independent Newspaper Nigeria". 2024-04-17. Retrieved 2024-10-20.
  29. ^ "Health Minister Lauds Fidson on New Factory – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-20.
  30. ^ Obinna, Chioma (April 20, 2011). "Fidson Healthcare bags NIS ISO 9001:2008 Award from SON". Vanguard. Retrieved October 20, 2011.
  31. ^ "Fidson Healthcare Bags ISO 14001:2015 EMS Certification – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-20.