Company
Overview
NEIMETH prides itself on the
manufacture and sale of pharmaceutical and animal healthcare products such as
Pyrantrin, ncp, Pancemol, Ciklavit and Neiva Stress. The company commenced manufacturing and
distributing Pfizer brands of pharmaceutical and veterinary products in 1957. Following
the management buy-out of the 60% equity stake of Pfizer Inc.( New York, USA)
in Pfizer Products Plc in 1997, the company was renamed Neimeth International
Pharmaceuticals Plc. The divestment of
Pfizer Inc. paved way for the launch of its own brand of healthcare products.
Investment Thesis
Management
has transformed NEIMETH from being a
licensee of Pfizer Inc. to developing
its own brands. Brands such as Pyrantrin, ncp and Pancemol are well patronised
in the market. Its relationship with Pfizer Inc and other international brands
will help bolster product portfolio and boost revenue.
Recommendation: Hold
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