StrongRoom AI: Administrators seek to sell pharmatech
Questions are mounting about what’s next for StrongRoom AI, a pharmatech start-up which went from a $17m capital raise to having its assets frozen within a few weeks The administrators …
‘Some pharmacists are under real financial pressure’
Measures in last week’s Federal Budget may not be enough to tackle the pain points for pharmacists, who are feeling mental strain from higher costs, a business strategy firm says …
Sigma backer reveals big pay day
Sigma investor HMC Capital has declared how much one of its funds made from its early support of the pharmaceutical wholesaler’s expansion plans Sigma Healthcare was a “seed investment” for …
Soul Patts director raises stake in company
Soul Patts chairman and rich-lister Robert Millner has indirectly lifted his share in the diversified investment house, a week after it declared an increase in its half-year profit Soul Patts, …
Budget reply pitches small business, health relief
The Coalition promises to extend instant asset write-off and re-affirms commitment to $25 co-payment pledge Opposition leader Peter Dutton used his pre-election budget reply speech to discuss cost of living …
Major supermarket cutting pharmacy margins: ACCC
The competition watchdog has shared insights into the major supermarkets’ approach to marking-up products, with one giant slicing pharmacy margins The Australian Competition and Consumer Commission (ACCC) last week released …
Top 20: CWH founders shoot up rich list
Three new Chemist Warehouse names have been added to the Australian’s Richest 250 list, as the founders shoot up the wealth ladder following Sigma merger Chemist Warehouse founders Jack Vance, …
Sigma posts full-year loss
Wholesaler Sigma Healthcare reported a dip in profit in its final full-year standalone results before the Chemist Warehouse (CWH) merge Sigma posted a statutory loss of $13.8m for the year …
Pharma groups back $25 script pledge
Pharmacy groups have welcomed the Albanese Government’s pre-election pitch to cut the subsidised medicine cap to $25 per script Under the cost of living funding pledge, Prime Minister Anthony Albanese …
CWH, Sigma brands to ‘showcase opportunity of combined strengths’
The head of Sigma Healthcare says he will share plans for future brand growth and meet with prospective pharmacist recruits this week on the Gold Coast This year’s Australian Pharmacy …
EBOS quashes acquisition speculation
Pharmaceutical wholesale giant EBOS has rejected whispers it’s looking at snapping up a pet food company The Trans-Tasman wholesaler was reportedly sizing up Real Pet Food Company, which says it …
Pharmatech start-up attracts new investors
A pharmacy software start-up founded with the vision of using “biometrics to match with peoples’ medical records” has just finished a $17m capital raise StrongRoom AI (SRAI), which began in …