Oethmaan Biosims (Pty) Ltd. is one of the newest and freshest  pharmaceutical companies to emerge on the South African pharmaceutical landscape. It is a fully black-owned pharmaceutical company to cover the entire value chain of providing affordable and accessible medicines to the broader South African public. It owns its own Intellectual Property (IP) in the form of medicine dossiers and will be able to make a significant impact on the provision of affordable medicine.

The company is also particularly focused on biosimilar medicines with the expiry of innovator biological medicines and the pressure on emerging economies to address increasing costs of treating cancer and other chronic diseases.

Oethmaan Biosims (Pty) Ltd. emerged out of a company called Medreich SA. Medreich SA (Pty) Ltd. was set up as a pharmaceutical company in 2003 with 74,9% owned by a foreign entity (Medreich plc, which owned pharmaceutical factories in India) and 25,1% owned by a local Black South African. Medreich SA’s main focus of business was selling pharmaceutical contract manufacturing out of its factories in India. Medreich’s main customers were Adcock Ingram, Sandoz and private label nutraceuticals to Clicks and Dis-Chem.