ASTRIX Strategically important backward integration Based in Hyderabad, India, the company is jointly owned by Matrix (a pharmaceutical group listed in India) and Aspen, and was incorporated in January 2006. Prior to incorporation, Astrix was a division of Matrix. Having joint control over Astrix gives Aspen access to quality cost effective ARV APIs on a long-term sustainable basis and provides Aspen with a comprehensive vertically integrated ARV supply chain. Performance for the 6 months was in line with expectations and turnover and operating profit growth is expected to follow the high growth path of finished dose form ARVs. After eliminating intra-Group transactions, Astrix contributed R14 million to Aspenâ€™s EBITA in the 6 months it was operational.
Aspen Annual Report 2006