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Aspen Australia

Full company profile

uuid000bx8r

Namestring
Aspen Australia
Legal namestring
Aspen Pharmacare Australia Pty Ltd
Company typeenum
Private
Founded yearint
2001
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersCity Of Sydney, Australia
HQ citystring
City Of Sydney
HQ countrystring
Australia
HQ regionstring
Oceania
Markets served

Serves global market

Offices8 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
pharmaceutical manufacturing, prescription medicines, consumer OTC products, contract manufacturing services, generic pharmaceuticals
Industry5 codes
1OTC & Consumer Health Distributors
CodeHLAIAJACPrimaryYes
2Cold, Flu & Cough Remedies
CodeHLAIADABPrimaryNo
3Allergy, Sinus & Respiratory (Non-Asthma)
CodeHLAIADACPrimaryNo
4Pain Relief & Anti-Inflammatory (Analgesics)
CodeHLAIADAAPrimaryNo
5Sleep, Stress & Mood Support
CodeHLAIADAGPrimaryNo
NAICS code1 code
  • Surgical Appliance and Supplies Manufacturing339113
SIC code3 codes
  • Wholesale-Drugs, Proprietaries & Druggists' Sundries5122
  • Wholesale-Medical, Dental & Hospital Equipment & Supplies5047
  • Surgical & Medical Instruments & Apparatus3841
Product category
Pharmaceutical Manufacturing
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1Prescription Medicines Sales
TypeOne Time License
Description

Sale of prescription medicines across therapeutic areas including anaesthetics, mental health, paediatric health, womens and mens health, dermatology, endocrinology, metabolic diseases, infectious diseases, ophthalmology, and analgesics.

aspenpharma.com.au
2Consumer OTC Products
TypeOne Time License
Description

Sale of over-the-counter consumer healthcare brands including products for womens health, digestive health, pain management, nasal and sinus care, skin care, heart health, specialty formula, and sleep health.

aspenpharma.com.au
3Contract Manufacturing Services
TypeProfessional Services
Description

Provides contract manufacturing services to external partners at Dandenong facility in addition to Aspen's own products.

aspenpharma.com.au
4Licensing and Distribution Partnerships
TypeLicensing Royalties
Description

In-licensing high-potential products and expanding market reach. Distribution partnerships for export to Europe, Asia Pacific, Middle East, and Indian Ocean region.

aspenpharma.com.au
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components1 value
Operations
GTM typeB2B and B2C
B2B and B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Aspen Australia manufactures and supplies a diversified portfolio of prescription medicines and over-the-counter (OTC) consumer health products across multiple therapeutic areas including anaesthetics, mental health, dermatology, endocrinology, ophthalmology, and analgesics. The company operates a GMP/TGA-licensed manufacturing facility in Dandenong, Victoria producing solid and liquid dosage forms and medical devices for domestic Australian and international export markets.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Aspen Pharmacare Australia is one of Australia's leading pharmaceutical companies offering a diversified portfolio of prescription and over-the-counter (OTC) consumer medicine brands. The company operates across three core business segments: Prescription Medicines (covering therapeutic areas including anaesthetics, mental health, paediatric health, women's/men's health, dermatology, endocrinology, metabolic diseases, infectious diseases, ophthalmology, and analgesics), Consumer OTC brands (including Bio-Oil, Cartia, Circadin, Coloxyl, Dermeze, Emla, FLO, Gastro-Stop, GOUT Shield, Imigran Migraine, Kenalog in Orabase, LARRI, LOGICIN, Maltofer, Novalac, Remifemin, Sigmacort, Stingose, Ural, Xylocaine, Zantac, and Zanzole), and Manufacturing Operations (with a GMP/TGA licensed facility in Dandenong, Victoria producing solids, liquids, and medical devices). The portfolio spans approximately 150+ prescription and OTC brands.

Product and service5 records
1Prescription Medicines Portfolio
CategoryPrescription Medicines
Description

Comprehensive portfolio of prescription medicines covering therapeutic areas including anaesthetics, mental health, paediatric health, women's and men's health, dermatology, endocrinology, metabolic diseases, infectious diseases, ophthalmology, and analgesics. Distributed to healthcare professionals, hospital pharmacists, and pharmacies across Australia and New Zealand.

2Consumer OTC Portfolio
CategoryConsumer OTC Healthcare
Description

Over-the-counter consumer medicine brands addressing everyday health concerns including women's health, digestive health, pain management, nasal and sinus care, skin care, heart health, specialty formula, and sleep health. Marketed through pharmacy retail channels to end consumers. Includes brands such as Bio-Oil, Cartia, Circadin, Coloxyl, Emla, FLO, Gastro-Stop, Imigran Migraine, and Maltofer.

3Manufacturing Operations
CategoryPharmaceutical Manufacturing
Description

Pharmaceutical manufacturing services at the Dandenong, Victoria facility producing solid dose forms (tablets, powders, capsules) and liquid dosage forms (suspensions, ointments, creams) plus medical devices. Accredited with GMP, TGA and ISO certifications. Products manufactured for both Aspen's own portfolio and contract manufacturing clients.

4Contract Manufacturing Services
CategoryContract Manufacturing Services
Description

Contract manufacturing services provided at the Dandenong, Victoria facility to external pharmaceutical partners requiring solid and liquid dosage form manufacturing, regulatory support, and commercialisation expertise. Used by multinational pharmaceutical companies seeking Australian/NZ market entry.

5Licensing and Distribution Partnerships
CategoryLicensing and Distribution
Description

In-licensing of high-potential products and distribution partnership arrangements enabling multinational pharmaceutical companies to reach Australian, New Zealand, and Asia Pacific markets through Aspen's regulatory, market access, and commercial execution expertise. Distribution partnerships also support exports to Europe, Asia Pacific, Middle East, and Indian Ocean region.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierMinorTypeOthers
Description

Community partnership supporting food rescue and sustainability. Aspen Australia volunteers involved in production of hundreds of meals delivered to local charities across Australia and New Zealand.

Strategic tierMinorTypeOthers
Description

New Zealand partner for food rescue and sustainability. Aspen Australia volunteers involved in production of meals delivered to local charities.

Strategic tierMinorTypeOthers
Description

National suicide prevention charity partnership. Aspen Australia runs annual week-long awareness campaign focusing on mental health and checking in with one another.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Long-standing commercial partnerships with multinational pharmaceutical companies for product licensing, distribution, and contract manufacturing. Partners benefit from Aspen's regulatory strategy, market access, and commercial execution expertise.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Australia's leading natural health and consumer health company with branded supplements and OTC products. Comparable to Aspen Australia's OTC consumer brand business, particularly in pharmacy channels and Australian consumer health portfolio.

TypeDirect peer
Description

Australian specialty pharmaceutical manufacturer and distributor with a comparable model combining own-branded generics, contract manufacturing, and consumer health products. Operates Australian manufacturing capacity and competes directly with Aspen Australia in prescription and specialty pharma.

TypeBroad incumbent
Description

Australian subsidiary of one of the world's largest pharmaceutical companies. Comparable to Aspen Australia in the Australian prescription and consumer health market, and has historically partnered with Aspen via in-licensing arrangements for products such as Lipitor.

TypeDirect peer
Description

Australian-owned pharmaceutical manufacturer specialising in dermatology and OTC skincare brands. Comparable to Aspen Australia in the Australian OTC consumer health segment with manufacturing operations and branded pharmacy distribution.

TypeBroad incumbent
Description

Australian subsidiary of Swiss pharmaceutical major Novartis with prescription medicines across multiple therapeutic areas. Comparable to Aspen Australia as a multinational pharma company competing in the Australian prescription and specialty medicines market.

TypeEmerging player
Description

Australia's largest generic pharmaceutical company with branded and generic medicines across multiple therapeutic categories. Comparable to Aspen Australia's prescription and OTC portfolio with growing Australian manufacturing and licensing activity.

TypeBroad incumbent
Description

Australian subsidiary of global pharmaceutical major with prescription medicines, vaccines, and consumer health products. Comparable to Aspen Australia as a multinational pharma presence serving Aus/NZ with diversified prescription and OTC offerings.

TypeBroad incumbent
Description

Local subsidiary of global pharmaceutical major with both prescription and consumer health (OTC) products distributed in Australia. Comparable to Aspen Australia as a multinational pharmaceutical player in the Australian market across Rx and OTC.

TypeBroad incumbent
Description

Australian arm of GlaxoSmithKline with vaccines, prescription pharmaceuticals, and consumer healthcare products. Comparable to Aspen Australia in Australian pharma distribution and as a historical licensing partner for several Aspen Australia brands.

TypeBroad incumbent
Description

Australia's largest biopharmaceutical company, also ASX-listed. Comparable to Aspen Australia as a major Australian-headquartered pharma operator with global reach, manufacturing, and branded pharmaceutical products, though CSL is plasma-derived/biologics focused.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries6 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance5 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Aspen Australia

Pharmaceutical Manufacturingaspenpharma.com.au

Aspen Australia firmographics

Firmographics
Name
Aspen Australia
Legal name
Aspen Pharmacare Australia Pty Ltd
Website
https://aspenpharma.com.au
Company type
Private
Founded year
2001
Operating status
Operating
Headcount range
5,001–10,000 employees
Ownership category
akta.pro rank

Aspen Australia industry classification

Industry
Product category
Pharmaceutical Manufacturing
NAICS
Surgical Appliance and Supplies Manufacturing (339113)
SIC
Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122), Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047), Surgical & Medical Instruments & Apparatus (3841)
akta.pro primary industry
OTC & Consumer Health Distributors (HLAIAJAC)
akta.pro secondary industries
Cold, Flu & Cough Remedies (HLAIADAB), Allergy, Sinus & Respiratory (Non-Asthma) (HLAIADAC), Pain Relief & Anti-Inflammatory (Analgesics) (HLAIADAA), Sleep, Stress & Mood Support (HLAIADAG)

Keywords

  • Pharmaceutical manufacturing
  • Prescription medicines
  • Consumer OTC products
  • Contract manufacturing services
  • Generic pharmaceuticals

Where Aspen Australia is headquartered

Location

Headquarters

HQ city
City Of Sydney
HQ country
Australia
HQ region
Oceania

Offices8 records

Markets served

Aspen Australia business model

Business model
GTM type
B2B and B2C
Offering type
Hardware or Manufacturing
Cost components
Operations

Revenue model

  1. Prescription Medicines Sales: Sale of prescription medicines across therapeutic areas including anaesthetics, mental health, paediatric health, womens and mens health, dermatology, endocrinology, metabolic diseases, infectious diseases, ophthalmology, and analgesics.
  2. Consumer OTC Products: Sale of over-the-counter consumer healthcare brands including products for womens health, digestive health, pain management, nasal and sinus care, skin care, heart health, specialty formula, and sleep health.
  3. Contract Manufacturing Services: Provides contract manufacturing services to external partners at Dandenong facility in addition to Aspen's own products.
  4. Licensing and Distribution Partnerships: In-licensing high-potential products and expanding market reach. Distribution partnerships for export to Europe, Asia Pacific, Middle East, and Indian Ocean region.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Aspen Australia product offering

Product offering

Core offering

Aspen Australia manufactures and supplies a diversified portfolio of prescription medicines and over-the-counter (OTC) consumer health products across multiple therapeutic areas including anaesthetics, mental health, dermatology, endocrinology, ophthalmology, and analgesics. The company operates a GMP/TGA-licensed manufacturing facility in Dandenong, Victoria producing solid and liquid dosage forms and medical devices for domestic Australian and international export markets.

Product overview

Aspen Pharmacare Australia is one of Australia's leading pharmaceutical companies offering a diversified portfolio of prescription and over-the-counter (OTC) consumer medicine brands. The company operates across three core business segments: Prescription Medicines (covering therapeutic areas including anaesthetics, mental health, paediatric health, women's/men's health, dermatology, endocrinology, metabolic diseases, infectious diseases, ophthalmology, and analgesics), Consumer OTC brands (including Bio-Oil, Cartia, Circadin, Coloxyl, Dermeze, Emla, FLO, Gastro-Stop, GOUT Shield, Imigran Migraine, Kenalog in Orabase, LARRI, LOGICIN, Maltofer, Novalac, Remifemin, Sigmacort, Stingose, Ural, Xylocaine, Zantac, and Zanzole), and Manufacturing Operations (with a GMP/TGA licensed facility in Dandenong, Victoria producing solids, liquids, and medical devices). The portfolio spans approximately 150+ prescription and OTC brands.

Differentiator

Problem solved

Functional benefit

Products and services

  • Prescription Medicines Portfolio Comprehensive portfolio of prescription medicines covering therapeutic areas including anaesthetics, mental health, paediatric health, women's and men's health, dermatology, endocrinology, metabolic diseases, infectious diseases, ophthalmology, and analgesics. Distributed to healthcare professionals, hospital pharmacists, and pharmacies across Australia and New Zealand.
  • Consumer OTC Portfolio Over-the-counter consumer medicine brands addressing everyday health concerns including women's health, digestive health, pain management, nasal and sinus care, skin care, heart health, specialty formula, and sleep health. Marketed through pharmacy retail channels to end consumers. Includes brands such as Bio-Oil, Cartia, Circadin, Coloxyl, Emla, FLO, Gastro-Stop, Imigran Migraine, and Maltofer.
  • Manufacturing Operations Pharmaceutical manufacturing services at the Dandenong, Victoria facility producing solid dose forms (tablets, powders, capsules) and liquid dosage forms (suspensions, ointments, creams) plus medical devices. Accredited with GMP, TGA and ISO certifications. Products manufactured for both Aspen's own portfolio and contract manufacturing clients.
  • Contract Manufacturing Services Contract manufacturing services provided at the Dandenong, Victoria facility to external pharmaceutical partners requiring solid and liquid dosage form manufacturing, regulatory support, and commercialisation expertise. Used by multinational pharmaceutical companies seeking Australian/NZ market entry.
  • Licensing and Distribution Partnerships In-licensing of high-potential products and distribution partnership arrangements enabling multinational pharmaceutical companies to reach Australian, New Zealand, and Asia Pacific markets through Aspen's regulatory, market access, and commercial execution expertise. Distribution partnerships also support exports to Europe, Asia Pacific, Middle East, and Indian Ocean region.

Companies that use Aspen Australia

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Aspen Australia technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Aspen Australia partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered minor and core.

  • OzHarvestminorOthersCommunity partnership supporting food rescue and sustainability. Aspen Australia volunteers involved in production of hundreds of meals delivered to local charities across Australia and New Zealand.
  • Fair Food NZminorOthersNew Zealand partner for food rescue and sustainability. Aspen Australia volunteers involved in production of meals delivered to local charities.
  • R U OK?minorOthersNational suicide prevention charity partnership. Aspen Australia runs annual week-long awareness campaign focusing on mental health and checking in with one another.
  • International Pharmaceutical PartnerscoreStrategic or Co-development PartnerLong-standing commercial partnerships with multinational pharmaceutical companies for product licensing, distribution, and contract manufacturing. Partners benefit from Aspen's regulatory strategy, market access, and commercial execution expertise.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Aspen Australia competitors and assessment

Company assessment

Direct peers

  • Blackmores Limited: Australia's leading natural health and consumer health company with branded supplements and OTC products. Comparable to Aspen Australia's OTC consumer brand business, particularly in pharmacy channels and Australian consumer health portfolio.
  • Mayne Pharma Group: Australian specialty pharmaceutical manufacturer and distributor with a comparable model combining own-branded generics, contract manufacturing, and consumer health products. Operates Australian manufacturing capacity and competes directly with Aspen Australia in prescription and specialty pharma.
  • Ego Pharmaceuticals: Australian-owned pharmaceutical manufacturer specialising in dermatology and OTC skincare brands. Comparable to Aspen Australia in the Australian OTC consumer health segment with manufacturing operations and branded pharmacy distribution.

Broad incumbents

  • Pfizer Australia: Australian subsidiary of one of the world's largest pharmaceutical companies. Comparable to Aspen Australia in the Australian prescription and consumer health market, and has historically partnered with Aspen via in-licensing arrangements for products such as Lipitor.
  • Novartis Australia: Australian subsidiary of Swiss pharmaceutical major Novartis with prescription medicines across multiple therapeutic areas. Comparable to Aspen Australia as a multinational pharma company competing in the Australian prescription and specialty medicines market.
  • Sanofi Australia: Australian subsidiary of global pharmaceutical major with prescription medicines, vaccines, and consumer health products. Comparable to Aspen Australia as a multinational pharma presence serving Aus/NZ with diversified prescription and OTC offerings.
  • Bayer Australia: Local subsidiary of global pharmaceutical major with both prescription and consumer health (OTC) products distributed in Australia. Comparable to Aspen Australia as a multinational pharmaceutical player in the Australian market across Rx and OTC.
  • GSK Australia: Australian arm of GlaxoSmithKline with vaccines, prescription pharmaceuticals, and consumer healthcare products. Comparable to Aspen Australia in Australian pharma distribution and as a historical licensing partner for several Aspen Australia brands.
  • CSL Limited: Australia's largest biopharmaceutical company, also ASX-listed. Comparable to Aspen Australia as a major Australian-headquartered pharma operator with global reach, manufacturing, and branded pharmaceutical products, though CSL is plasma-derived/biologics focused.

Emerging players

  • Arrotex Pharmaceuticals: Australia's largest generic pharmaceutical company with branded and generic medicines across multiple therapeutic categories. Comparable to Aspen Australia's prescription and OTC portfolio with growing Australian manufacturing and licensing activity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

Aspen Australia social profiles

Digital presence

Aspen Australia compliance and trust

Trust signal

Compliance5 records

Aspen Australia financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Aspen Australia leadership team

Management profile

Number of profiles

Aspen Australia subsidiaries and ownership

Company hierarchy

Subsidiaries6 records

Aspen Australia funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Aspen Australia M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aspen Australia

What does Aspen Australia do?

Aspen Australia manufactures and supplies a diversified portfolio of prescription medicines and over-the-counter (OTC) consumer health products across multiple therapeutic areas including anaesthetics, mental health, dermatology, endocrinology, ophthalmology, and analgesics. The company operates a GMP/TGA-licensed manufacturing facility in Dandenong, Victoria producing solid and liquid dosage forms and medical devices for domestic Australian and international export markets.

Is Aspen Australia a public or private company?

Aspen Australia is a private company. It is classified as corporate owned and is currently operating.

When was Aspen Australia founded?

Aspen Australia was founded in 2001. It employs 5,001 to 10,000 people.

Where is Aspen Australia based?

Aspen Australia is headquartered in City Of Sydney, Australia, in the Oceania region.

How does Aspen Australia make money?

Four revenue lines are on record. Prescription Medicines Sales are the primary driver. The others are consumer OTC Products, contract Manufacturing Services and licensing and Distribution Partnerships.

Who are Aspen Australia's main competitors?

Direct peers on record are Blackmores Limited, Mayne Pharma Group and Ego Pharmaceuticals. Broad incumbents are Pfizer Australia, Novartis Australia, Sanofi Australia, Bayer Australia, GSK Australia and CSL Limited. Arrotex Pharmaceuticals is listed as an emerging player.

Does Aspen Australia have an API?

No public API is recorded for Aspen Australia.

What industry is Aspen Australia in?

Aspen Australia's product category is Pharmaceutical Manufacturing. Its primary akta.pro industry code is HLAIAJAC, OTC & Consumer Health Distributors, with a secondary code of HLAIADAB, Cold, Flu & Cough Remedies. Its NAICS code is 339113 and its SIC code is 5122.

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Live signals
PR NewswireORASIS PHARMACEUTICALS ANNOUNCES AUSTRALIA SUBMISSION OF A NEW DRUG APPLICATION FOR BESKA FOR THE TREATMENT OF PRESBYOPIAOrasis Pharmaceuticals and its partner Aspen Australia submitted a New Drug Application to Australia's Therapeutic Goods Administration for BESKA, a pilocarpine hydrochloride eye drop for treating presbyopia in adults, marking the first regulatory submission outside the United States where the drug is marketed as QLOSI. The NDA was supported by positive Phase 3 clinical trial data from over 600 patients, with all treatment-related adverse events reported in single digits. Aspen will handle distribution and marketing of BESKA in Australia, with approval and launch expected in 2026.BioSpaceORASIS PHARMACEUTICALS ANNOUNCES AUSTRALIA SUBMISSION OF A NEW DRUG APPLICATION FOR BESKA FOR THE TREATMENT OF PRESBYOPIAOrasis Pharmaceuticals and Aspen Australia submitted a New Drug Application to Australia's TGA for BESKA (pilocarpine hydrochloride ophthalmic solution) to treat presbyopia. The submission is supported by two Phase 3 trials with over 600 patients, showing statistically significant near visual acuity gains. Aspen will handle distribution and marketing, with approval expected next year.MorningstarORASIS PHARMACEUTICALS ANNOUNCES AUSTRALIA SUBMISSION OF A NEW DRUG APPLICATION FOR BESKA FOR THE TREATMENT OF PRESBYOPIAOrasis Pharmaceuticals and Aspen Australia submitted a New Drug Application to Australia's TGA for BESKA (pilocarpine hydrochloride ophthalmic solution) to treat presbyopia. The submission is supported by two Phase 3 trials with over 600 patients, showing statistically significant near visual acuity gains. Aspen will handle distribution and marketing, with approval and launch expected next year.PR NewswireNeurim Pharmaceuticals Grants Aspen Australia Marketing Rights for Paediatric Prolonged-Release Melatonin ("PedPRM") in Australia and New ZealandNeurim Pharmaceuticals granted Aspen Pharmacare Australia exclusive marketing rights for its paediatric prolonged-release melatonin (PedPRM), a treatment for sleep disorders in children with autism spectrum disorders and neurogenetic diseases. PedPRM, an age-appropriate formulation designed for children with swallowing difficulties, completed Phase III clinical trials demonstrating statistically significant improvement in total sleep time compared to placebo. This agreement expands upon a 2009 partnership between the companies for marketing Neurim's insomnia treatment Circadin for the elderly.South China Morning PostAffordable, reliable Aspen medicines coming to AsiaAspen Pharmacare Australia has established itself as a leading pharmaceutical company in Australia, accounting for one in seven prescriptions, and is now expanding into Asia with Aspen Philippines as its first subsidiary in the region. The company acquired Sigma Pharmaceuticals last year to strengthen its manufacturing capabilities and networks as part of its Asia-Pacific growth strategy, offering over 800 products across dermatology, cardiovascular, neurology, and oncology. Aspen has also built its business model on licensee partnerships with major pharmaceutical companies including Novartis, Merck, Eli Lilly, and GlaxoSmithKline.