API
Pricelines to close due to COVID-19 downturn
API has announced plans to “rationalise” the Priceline network with the closure of 14 stores In a statement foreshadowing its financial results for the year ended 31 August 2020, the …
Continuing to deliver
Situation stabilising at wholesaler warehouse linked to COVID-19 outbreak There have been no additional confirmed positive COVID-19 cases linked to a pharmaceutical wholesalers Victorian warehouse where there were reports of …
Doing business under COVID: API reports results
API says it is well placed to compete in an environment affected by COVID-19, citing the success of initiatives like Priceline’s Click and Collect API presented its 2020 half-year results …
Pharmacies hit hard by pandemic slowdown
Chemist Warehouse and Priceline are reportedly asking for “massive” rent reductions, as API warns that pharmacies could close and one industry expert says some stores are severely impacted by the …
API sees return to growth
Group reports total revenue of $4 billion, up 4.1% on the prior year, excluding PBS reforms and hepatitis C medicines API has reported earnings before interest and tax of $94 …
A win for full-line wholesalers
Pharmaceutical manufacturer ditches direct distribution model for CSO wholesalers in move driven by pharmacist feedback AstraZeneca has announced it will exit its exclusive-direct distribution arrangements and return supply of its …
“Strong” position has led to investments
Despite facing PBS reform and intense competition, API reports $25 million net profit after tax and $2 billion in revenue in its half-year results for 2019 Australian Pharmaceutical Industries (API) …
The week in review
APP2019 might be over, but the pharmacy sector didn’t slow down, with a big week in industrial relations and other business matters Workers at three distribution centres for Chemist Warehouse …
It’s over for API-Sigma merger
Sigma’s Board has rejected the API proposal to take it over as not in the best interest of Sigma shareholders The non-binding indicative proposal from API to acquire all Sigma’s …
NPSA head talks potential DHL entry to CSO
Sigma and NPSA’s Mark Hooper has said he hopes for a swift resolution of the API/Sigma merger, and addressed the potential for DHL to enter the CSO Mr Hooper, president …
Sigma affirms ‘strong future’
A review initiated after losing My Chemist/Chemist Warehouse supply contract has identified over $100m per year in savings Sigma Healthcare Limited has announced a “strong outlook” after conducting a review …
CWH contract loss an ‘opportunity’
API thinks it has a better chance of merging with Sigma second-time around following PBS reforms and a changed industry landscape Last Friday Australian Pharmaceutical Industries Limited (API) announced that …