Business
Novartis to acquire Spinifex, continue pain drug development
Novartis is to acquire Spinifex Pharmaceuticals, a company focused on the development of new drugs for treating chronic pain. Spinifex Pharmaceuticals, Inc. and its Australian subsidiary Spinifex Pharmaceuticals Pty Ltd, …
Sigma commits to another five years with Reform Management
Sigma Pharmaceuticals Limited has confirmed a new five-year wholesale supply and services agreement with Reform Management. With more than 1,900 independent community pharmacy customers nationally, Reform has one of the …
Chemplus merges with Terry White Management
Chemplus, which supports the South Australian pharmacy network of the same name, is set to merge with Terry White Management in a strategic move to “future-proof” its member pharmacies. Chemplus …
Strides buys at Aspen, revives Arrow Pharmaceuticals
Indian pharma company Strides Arcolab has acquired Aspen business in Australia and plans to run the business as Arrow Pharmaceuticals, bringing back a previous name in the Australian generics market. …
API profits up
API has reported a net profit after tax of $21.3 million for the six months to 28 February 2015. This is above the guidance of $21.1 million provided on 4 …
GSK, Novartis get ACCC okay to restructure
The Australian Competition and Consumer Commission says it won’t oppose GlaxoSmithKline’s and Novartis’ transactions involving over-the-counter consumer products, human vaccines and oncology products. As a result of the transactions: GSK …
CSL profits up
Double digit sales growth in albumin and speciality products and influenza vaccine sales have helped CSL announce a net profit after tax of US$692m (A$889m) for the six months ended …
Pharmore in voluntary administration
Last week pharmacy chain Pharmore Pharmacies went into voluntary administration after 23 years as a result of the inability to undertake necessary restructuring of its operations and an overhead structure …
Interest rate cut good news for pharmacy
The 3 February 2015 interest rate cut could be good news for pharmacy, says Allfin Financial Services. The Reserve Bank of Australia lowered the cash rate by 25 basis points …
Love your top 100 customers
The Guild has released its latest online pharmacist CPD course, Know and love your top 100 customers. This course highlights the value a pharmacy’s top 100 customers add to a …
Apotex acquires Revive, readies for flu season
Apotex, supplier of generic pharmaceuticals, has announced the asset purchase of established clinic provider Revive. The purchase of Revive complements the existing Apotex professional services offer and further strengthens the …
Know your customer: pharmacy IRI-Aztec report
Success comes from understanding your customer and offering a personalised shopping experience, ensuring pharmacy’s tailored messages reach the right audience, according to the latest pharmacy IRI-Aztec report. Women now represent …