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AUSTRALIA

The Australian pharmaceutical market was valued at USD 13 billion in 2017 with Generics accounting for over 30% of the sales volume. Our Australian subsidiary, Generic Health Pty Limited (Generic Health), had a strong year recording revenues of AUD 43 million and reported a growth of 28%, significantly outperforming the generic market growth. Generic Health is a supplier of generic prescriptions and OTC medicines, is the 5th largest company in sales and one of the fastest growing companies amongst its peers.