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Ascendis says investment holding company model is the best medicine

The struggling healthcare firm says it wants to move away from its extremely expensive corporate head office model, eyeing a structure more like an investment holding company, seeking to decentralise management and inculcate transparency and accountability.

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Ascendis appoints Carl Neethling as acting CEO, tasks him with speeding up return to health

Neethling, who will earn R1 a month as acting CEO, has also been appointed as chief transition officer, tasked with a rapid transformation of a group still trying to put its debt problems behind it.

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Ascendis inks R410m agreement to dispose of pharmaceuticals division to Austell

Ascendis entereed into a R590 million loan agreement with Austell Pharmaceuticals in May

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