Business
New twist for debt-ridden hospital operator
Australia’s second-largest private hospital operator and rumoured takeover target says it’s willing to hand back a Sydney hospital to the state Healthscope, which operates 38 private hospitals, has recently been …
Vaccine maker tumbles on Trump tariff threat
Pharmaceuticals were initially spared from sweeping US tariffs, but that’s set to change, striking panic in local markets US President Donald Trump said he would introduce “a major tariff on …
Sigma takes lion’s share of pharmacy spending
Independent pharmacies lose ground, as Sigma brands dominate consumer spending in community pharmacy Close to half of consumer spending in Australia’s pharmacy sector is going to Sigma Healthcare brands, data …
Expired medicines should be kept ‘under lock and key’
Regulator cites issues with RUM bins, DAA packs Return of Unwanted Medicines (RUM) bins continue to pose an issue for pharmacy owners and pharmacists. VPA inspectors have observed instances where …
MedAdvisor considering options to shore up revenue
Software company MedAdvisor Solutions says it’s weighing up several proposals, as it continues its drive to unlock further shareholder value The Melbourne-based company recently reported its revenue had fallen by …
Pharma suppliers cop early hit from Trump trade war
Pharmaceuticals were excluded from US President Donald Trump’s reciprocal tariffs, but other companies supplying pharmacies took a rapid dip on the market after Thursday’s announcement Trump announced he would introduce …
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 …