Business
Penalties of nearly $200k for breaches
Authority sends strong message to all licencees about pharmacy ownership rules, with a warning about steep penalties Pharmacy licensees need to abide by the various legal obligations connected with ownership, …
Continued growth “despite Covid-19”
AFT Pharmaceuticals has announced growth across its portfolio of OTC and prescription medicines in its half-year financial results AFT Pharmaceuticals reports “continuing good progress” in commercialising its Maxigesic pain medication …
Pharmacy founders debut on rich list
Cathie Reid and Stuart Giles have made the AFR Rich List for 2020 with a net wealth of $550 million Brisbane-based pharmacists and partners Cathie Reid and Stuart Giles have …
A new platform arises
Advantage Group and Instigo have entered into a merger agreement to create a new entity, Pharmacy Platform The merger brings together more than 350 pharmacy members across Australia and an …
Co-operation decision welcomed by wholesalers
The ACCC has granted authorisation for NPSA members to coordinate supply of medicines and pharmacy products for a further 12 months Medicines wholesalers in Australia can continue to co-operate in …
Outrage over pharmacies struggling to access support
It is “absolutely perverse” that community pharmacies have to contemplate the choice of dispensing high cost drugs that may impact on their eligibility for funding support, says Guild leader The …
Pharmacy rejection quashed
The Federal Court of Australia has ordered the Australian Community Pharmacy Authority to reconsider a pharmacy’s application for approval A company has successfully contended a 26 June decision made by …
Cutting back at Blackmores
Complementary giant set to cut Australian jobs as its focus shifts to Asian markets and new digital opportunities Complementary medicine giant Blackmores is to cut about 10 per cent of …
Some community pharmacies reporting 90% downturn
There is an assumption that “pharmacies must be doing alright – you can still open”, but the Guild says some are barely hanging on Research companies tracking movement in the …
Chemist Warehouse, TWC credited in EBOS ‘record’ results
Community pharmacy revenue across both Australia and New Zealand rose by $1.4 billion due to significantly increased volumes EBOS Group has reported strong revenue growth in its full-year results despite …
MedAdvisor reports ‘record’ revenue
Total revenue is up nearly 100% on last quarter after an initial impact from COVID-19 Digital medication management company MedAdvisor has revealed record revenue for the three-month period to 30 …
Leading the pack
Who are the world’s leading pharmaceutical companies? These are the top 20 New statistics collated by UK data and analytics agency GlobalData has revealed the world’s 20 leading pharmaceutical companies …