API
API announces proposal to merge with Sigma
Under the scheme, API shareholders would own approximately 63% of the combined entity with Sigma shareholders owning the remaining 37% Australian Pharmaceutical Industries Limited (API) has today lodged a substantial …
API delivers on guidance despite ‘difficult conditions’
PBS changes and exclusive direct distribution wiped more than $10 million in gross profit, according to FY18 results Australian Pharmaceutical Industries (API) has reported mixed results in its financial year …
API: Exclusive supply still a ‘very big issue’
The CEO of one of Australia’s leading pharmaceutical distributors says he wishes a solution had been organised “yesterday” Exclusive supply of medicines is still a “very big issue”, says Richard …
How Priceline Pharmacy plans to dominate the beauty space
API is competing in the pharmacy retail space by boosting its health and beauty offering, claiming to have Australia’s biggest loyalty program in this area with 7 million members Clever …
API to acquire skincare clinics
The wholesale giant is acquiring them for $127.4 million, to build a strong service-based business ‘away from government funding’ Australian Pharmaceutical Industries has entered a binding agreement to acquire Clearskincare …
API sees profit slump
Half-year results show a 14.4% drop in reported net profit, which API says is primarily due to challenging retail conditions For the half year ending 28 February 2018, Australian Pharmaceutical …
API grows despite tough conditions
More than 20 new Priceline Pharmacies are planned for the current year, API chief Richard Vincent says In announcing its financial year results, API said its growth was set to …
API to invest more into Soul Pattinson and Pharmacist Advice
In the midst of “weaker than anticipated” retail trading this financial year, API plans to inject more resources into its pharmacy health programs Australian Pharmaceutical Industries (API) recently announced revised …
API sees decline in consumer spending
People are spending less per basket and on lower value items, says CEO Australian Pharmaceutical Industries (API) has announced revised profit guidance for the financial year ending 31 August 2017, …
API unveils new WA distribution centre
Australian Pharmaceutical Industries, parent company of Priceline Pharmacy, has opened the doors of its new distribution centre in Western Australia The facility measures four times the size of its previous …
Priceline to expand by another 20 stores
API has announced its 2017 half year results, with a net profit after tax of $29.1 million It says it’s expecting to expand its Priceline network by at least 20 …
What does industry want from the King Review?
A discussion panel on the Pharmacy Review had some interesting things to say, from location rules and risk share arrangements to appropriate remuneration for services The panel session looking into the Review …