Business
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 …
Priceline Pharmacy spearheads API growth
API has reported strong growth spearheaded by its retail business, Priceline Pharmacy. Comparable store growth of 6% places Priceline among the best performing listed retailers, says API chairman Stephen Roche. …
Blackmores confirms strong first half
Blackmores has announced a strong close to Group sales at $206 million for the half-year ended 31 December 2014, up 22%, compared to the previous corresponding period. The Board estimates …
Ian Todd awarded 2014 Barry Schultz medal
Former President of the Pharmacy Guild’s South Australian Branch, Adelaide pharmacist Ian Todd, has been awarded the Barry Schultz medal for 2014. The medal is awarded to a pharmacist deemed …