Business
GSK’s $1.5b payday
Brit pharmaco scores big with discount selloff of Haleon shares British pharmaceutical giant GSK has sold off 240 million shares in consumer health operation Haleon raising around GBP804 million (AUD$1.5 billion) …
AFT to pay first dividend as income soars 20%
Kiwi Maxigesic owner posts $NZD20m profit boosted by licensing income AFT Pharmaceuticals, the New Zealand-headquartered outfit best known for its Maxigesic ibuprofen/paracetamol combination, will pay its first dividend in its …
Ruston slams Labor’s 60-day dispensing policy
Plans to commence implementation of double dispensing from 1 September looks like policy “on the run”, Senator Anne Ruston says Labor’s reliance on an impact analysis that failed to meet …
Double dispensing a breach of trust: Twomey
Trust between the government and community pharmacy is broken, Professor Trent Twomey, Pharmacy Guild of Australia national president believes Labor’s decision to push ahead with its plans for 60-day dispensing …
Students drop out over double dispensing: Guild
Concerns over the potential impacts of 60-day dispensing are pushing students to leave courses, the Pharmacy Guild of Australia’s Tasmanian branch president claims Pharmacy students are looking to transfer to …
TGA fines health practitioners over S4 imports
Regulator issues infringement notices to health practitioners for alleged unlawful importation of unregistered prescription medicines The Therapeutic Goods Administration (TGA) has issued fines totaling $13,320 to three separate health professionals …
‘We are playing with people’s lives’
Loyal staff members will see their hours cut, “at best” – as a result of the government’s double dispensing policy, a pharmacy owner warns Pharmacy owners will be forced to …
Wholesaler confident it can meet 60-day dispensing demands
Double dispensing will test Australia’s medicines supply chain, but Sigma Healthcare bosses believe they have the capacity to deliver for pharmacies Pharmaceutical wholesaler, Sigma Healthcare is well placed to deal …
ATO drops case against pharmacy outfit in administration
No explanation given about abrupt Federal Court dismissal of case over almost $2.8m in unpaid GST/super A Federal Court case launched by the Deputy Commissioner of Taxation to wind up …
Rural owners fume over 60-day dispensing impact analysis
Shortcomings in the impact analysis used to support the government’s introduction of double dispensing could see rural patients’ medicines costs rise Far from cutting out-of-pocket expenses, 60-day dispensing could result …
Goodbye Malouf, hello Ramsay
Rebranding of Queensland group acquired by controversial pharmacy banner in 2017 finally picks up pace Five formerly Malouf Pharmacies have been rebranded with the Ramsay Pharmacy banner last week in …
$3.5b unlikely to arrest decline in bulk billing
GPs who have abandoned bulk billing are unlikely to be lured back by the government’s $3.5 billion incentive package Incentives designed to boost bulk billing rates are likely to be …