Business
MedAdvisor slashes headcount as earnings plunge
Pharmacy software company MedAdvisor’s quarterly revenue was almost half what it was the same time last year, as the US market “significantly underdelivered” The Melbourne-based software venture’s CEO said he …
The push for MedTech tariff exemptions
Listed sleep apnoea mask-maker Resmed says it’s reprieved from US President Trump’s tariffs for now and its CEO will push for all MedTech to be exempt in his other role …
Entrepreneur circles StrongRoom AI
The sale of StrongRoom AI appears to be getting closer, with the start-up’s debt transferred to a pharmacy-linked entrepreneur Pharmatech StrongRoom AI fell into administration last month, with key venture …
Bankers hoping CWH co-founders cash in
Investment banks are lining up to tempt Chemist Warehouse co-founders to cash in Sigma holdings Bankers looking for “a big pay cheque” are eyeing up Sigma Healthcare shares held by …
Confidence hits all-time high
Almost two years after the government rocked the community pharmacy sector with its plan to implement 60-day dispensing, confidence is higher than ever Confidence in the community pharmacy industry is …
Mixed news on tariffs
Pharma not entirely insulated from Trump’s tariff plans despite an initial strong market reaction, says Mike Taylor It says a great deal about investor perceptions of the relative safety of …
The week in review
‘The Chemist Warehouse effect’ on pharmacy spend, redundancies after pharmatech fraud claim and why a compounder entered a semaglutide undertaking were among the top stories this week Almost half of …
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 …