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AUSTRALIA

The Australian pharmaceutical market is valued at USD 12 billion in 2018 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 47 million and reported a growth rate of 7%, significantly outperforming the generic market growth. Generic Health is a supplier of generic prescriptions and OTC medicines, and has moved up to 4th rank and one of the fastest growing companies amongst its peers.