iNova
OVERALL |
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Owned |
USA |
Rating |
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Pharmaceutical company
This company has had a number of ownership changes in recent years. In 2022 private equity firm TGP Capital took over ownership.
Company Ownership
iNova Pharmaceuticals (Australia) Pty Ltd | AUS | website | ||||
TPG Capital LP ![]() owns 80% of iNova Pharmaceuticals (Australia) Pty Ltd |
USA | website | ||||
Private equity firm Formerly known as Texas Pacific Group. One of the world's largest private equity firms, with $127 billion of capital under management. | ||||||
Pacific Equity Partners Pty Ltd ![]() owns 20% of iNova Pharmaceuticals (Australia) Pty Ltd |
AUS | website | ||||
Private equity firm Current investments include Hoyts. Other interests include areas such as fast food, food, finance and vacuum cleaners. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
iNova Pharmaceuticals (Australia) Pty Ltd | ||||
This company received a packaging performance level of 3 (Advanced) in its 2023 APCO Annual Report. Australian Packaging Covenant Organisation (APCO) is a not-for-profit organisation leading the development of a circular economy for packaging in Australia. Each year, APCO Members are required to submit an APCO Annual Report and Action Plan, which includes an overall performance level from 1 (Getting Started) to 5 (Beyond Best Practice).
Source: APCO (2023) |
The PalmOil Scan app, produced by the World Association of Zoos and Aquariums (WAZA), rates companies on their commitment to sourcing sustainable palm oil. Companies are scored on their use of certified sustainable palm oil (CSPO), commitment to sourcing CSPO, on-the-ground conservation action, and membership to the RSPO. Companies can earn a rating of Excellent, Good, Poor or No Commitment. This company is rated "No Commitment" (retrieved 18 Nov 2023).
Source: WAZA (2023) |
In 2012, 2011 and 2010 the Therapeutic Goods Administration's Complaints Resolution Panel upheld complaints about ads by this company on the grounds that they breached advertising codes. The Panel requested this company withdraw the ads and not to use representations in the ads again.
Source: TGA Complaints Register (2012) |
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TPG Capital LP | ||||
This company appears on Burma Campaign UK's 'Dirty List' of companies assisting the Burmese military to continue to commit human rights violations and environmental destruction. TPG is the majority owner of Tower Holdings. Tower Holdings in turn owns two telecoms towers companies in Burma, Apollo Towers and Pan Asia Towers, both of which work for the military joint venture mobile phone network company Mytel.
Source: Burma Campaign UK (2022)
The 2022 Financial System Benchmark ranks 400 financial institutions across three measurement areas: governance and strategy, respecting planetary boundaries (environment, climate and biodiversity) and adhering to societal conventions (human rights). This company ranked #320/400, with a total score of 2/100.
Source: World Benchmarking Alliance (2022)
In 2014, this company, together with other private equity firms Blackstone and KKR, agreed to pay US$325m to settle a lawsuit that accused seven private equity groups of conspiring to fix the prices of some of the world's biggest leveraged buyouts.
Source: Financial Times (2014) |
TPG Capital LP neglected to pay its administrative assistants more than $9m in overtime according to a class action removed to the California federal court in December 2012.
Source: Law 360 (2012)
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets (2020) |
Company Details
Type | Wholly-owned subsidiary |
Contact Details
Address | Level 10, 12 Help St, Chatswood, NSW, 2067, Australia |
Freecall | 1800 630 056 |
customerservice@inovapharma.com | |
Website | www.inovapharma.com |
Products / Brands
iNova
Dermaveen Skin Care Dermaveen Shampoo Difflam Lozenges Difflam Cold & Flu Glucodin Energy Drinks Invisible Zinc Sunscreen Kynd Vitamins |
Nyal Cold & Flu Nyal Lip Care Reef Sunscreen Salvital Digestive Care Skin Basics Skin Care Stop Itch Antiseptic |