Business
Too many pharmacies on unsustainable rents?
Some pharmacies should consider downsizing and negotiating total rent – not just deferring payments – if they want to survive post-COVID-19, warns pharmacy business expert Pharmacies located in business districts …
‘Where did all the stock go?’
AJP investigates the unprecedented medicine stock outs during February and March this year Small Pharmacies Group (SPG) has challenged the National Pharmaceutical Services Association (NPSA) claim that increased demand caused …
Pharmacists, GPs continue to see marked downturn in foot traffic
It is a myth to assume that all pharmacies ‘are doing well’ from COVID-19, says the Guild, with many looking to the JobKeeper scheme to stay afloat Pharmacies located in …
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 …
Push for more Aussie manufacturing
Government to investigate the chances for more home-grown medicines manufacturing in the wake of the coronavirus pandemic Federal industry minister Karen Andrews wants to kick off talks with pharmaceutical companies …
‘Uber’ for pharmacy delivery services expedited
MedAdvisor has fast-tracked support for pharmacies to offer home delivery, allowing patients to order, pay and request transport of medicines, with a metro partner in the works Australian digital medication …
‘Impossible to predict’ how demand will unfold
Uncertainty thanks to the COVID-19 pandemic means Sigma won’t give full guidance as to earnings, but the wholesaler has achieved “outstanding” results, it says In a statement to the ASX …
‘Time is of the essence.’
An expert tackles retail lease obligations and rents for pharmacy owners in the current challenging environment, and provides advice on contingency planning Phillip Chapman, Director of Lease1, has explored the …
Minimising social interaction with vulnerable patients
MedAdvisor announces facilitation of home delivery, remote script ordering from GPs, two-way messaging with patients, and pre-ordering and online payment of medications MedAdvisor has announced a range of measures that …
Ramsay reports $2.7b Australian revenue
The healthcare giant says its community pharmacy franchise network is performing well, but also reports “challenging conditions” in Australia, citing the bushfires and coronavirus threat Ramsay Health Care has reported total …
Ramsay trade marks pharmacy brand
The term ‘Ramsay Pharmacy’ has been approved as a trade mark by a privately-owned subsidiary company of Ramsay Health Care, after first being refused three years ago Ramsay Health Care …
The market situation
What’s the current situation with the pharmacy market? Natalie Sirianni provides the first update for 2020 As a Pharmacy Business Broker, the question I get asked most often is: “How …