Business
Sigma backer lifts the lid on its investment strategy
A major Sigma shareholder has shared further insight into its investment philosophy, as the market awaits the competition watchdog鈥檚 call on the supplier鈥檚 proposed merger with CWH HMC Capital鈥檚 Partner …
An upgrade for TWC loyalty scheme
TerryWhite Chemmart has introduced a new evolution of its loyalty program with the launch of REWARDS Plus According to the banner group, REWARDS Plus is a significant step forward in …
Will weight loss drugs eat into supermarkets鈥� profits?
The skyrocketing demand for weight loss medications like Ozempic could temper shoppers鈥� appetites at our major supermarkets, Morgan Stanley says The Danish maker of GLP-1 receptor antagonists Ozempic and Wegovy, …
Price pressures
What are the 5 key forces at play in the current pharmacy market? Natalie Sirianni explains The last 5 years Over the last five or so years, we have seen …
CWH reports leap in profits; adds 18 new stores in six months
Pharmacy giant Chemist Warehouse (CWH) saw an almost 29% surge in profits before tax in the first six months of the financial year, while continuing to rapidly expand its retail …
Wholesaler margins suffering
Steps are needed to reverse the decline of wholesaler remuneration during the 7CPA and add vaccines and section 100s to CSO, says a NPSA director聽聽 Australia needs to foster a …
Proposed Sigma merger sees another Gance make the rich list
Chemist Warehouse鈥檚 Gance brothers scoot up The Australian鈥檚 2024 rich list The Australian鈥檚 John Shensholt has again researched and published the names of Australia鈥檚 richest 250 people 鈥� a list …
鈥楶harmacy shops are just dead鈥�
Jack Gance tells a retail conference that Chemist Warehouse is eyeing the US market as its traditional format loses appeal Chemist Warehouse co-founder and chairman Jack Gance has told the …
Hospital business delivers for Symbion
Wholesaler reports double-digit growth in hospital division鈥檚 revenue 聽 EBOS鈥檚 Symbion Hospitals division is reporting revenue growth of almost 15% for the first half of the 2023/24 financial year. 聽 …
Aurora Cannabis acquires MedReleaf
Global medicinal cannabis giant targets Australian market with MedReleaf takeover聽 Canada鈥檚 Aurora Cannabis is eyeing significant grow in Australia through its acquisition of MedReleaf Australia. 聽 In a statement to …
Move will address 鈥榣arge power imbalance鈥�: union
The new 鈥渞ight to disconnect鈥� legislation will protect pharmacists from work 鈥渃reep鈥� into the rest of their lives, says one pharmacy group Leon Yap, honorary chairperson for the Pharmacy Division, …
Sigma fills war chest ahead of CWH merger
Wholesaler completes $400 million capital raising exercise聽 Sigma Healthcare has announced the completion of the retail component of its non-renounceable entitlement offer to raise $400 million. 聽 In a statement …