The Department of Health has assured the public that there is no shortage of antiretrovirals ARVs after reports that two companies awarded to supply the medicine used to treat HIV have entered business rescue.
Avacare Health subsidiaries Barrs and Innovata last year won a share of the tender to supply ARVs, alongside nine other companies. However, Barrs and Innovata both applied for business rescue nine days after the tender commenced.
Business rescue is a legal process that helps a struggling company avoid shutting down. When a company enters business rescue, it is placed under the control of a business rescue practitioner who tries to fix its financial problems, keep it operating, and protect jobs while a plan is made to pay creditors over time instead of all at once.
