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Tag: drug

Retail Asia02/08/2021
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Living

India seeks to pour $500-mln into Vietnam pharmaceutical hub

2min0
Large pharmaceutical enterprises in India have expressed their hope to establish a pharmaceutical industrial park in Vietnam, with an initial investment of about $500 million. The idea of setting up the pharmaceutical industrial park was launched during recent trade and investment promotion sessions for the pharmaceutical industry organized by the Vietnamese Embassy in India, according […]
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Retail Asia08/06/2021
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Living

Vingroup sets up drug company

1min0
Vietnam’s largest private company, Vingroup, has established pharmaceutical company Vinbiocare with a charter capital of VND200 billion ($8.6 million). Its focus will be on medicine, vaccines. Vingroup owns 69 percent of Vinbiocare Biotechnology JSC, its formal name, which is headquartered in Hanoi, while Phan Quoc Viet, CEO of tech firm Viet A Technology Corporation, owns 30 […]
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Retail Asia03/05/2021
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Online concierge pharmacy platform POC raises $4.5 mln to improve services in Vietnam

2min0
Pharmacy Online Concierge Pharma has secured $4.5 million in an equity financing round to digitize pharmacies in Vietnam. Based in Vietnam and Hong Kong, the platform helps stakeholders such as pharmacies, drug manufacturers, distributors, wholesalers, and consumers to digitally manage their interactions. It raised the money from Picus Capital of Germany, Goat Capital and FJ […]
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Retail Asia02/02/2021
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General

Pharma industry growth slows down

1min0
The pharmaceutical industry’s revenues rose by just 3 percent in 2020, down from an average of 11.8 percent in the previous five years. But it was a notable year for mergers and acquisitions. According to analysts at SSI Securities, the total value of M&A was VND1.68 trillion ($73 million) last year and involved a number […]
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Retail Asia13/07/2020
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Living

Malaysia’s first pharmacy for pets opens – Vet Pharmacy

1min0
Malaysian pet food and supplies retailer Pet Lovers Centre (PLC) has opened its first pharmacy for pets called Vet Pharmacy. Vet Pharmacy is also Malaysia’s first veterinary-exclusive pharmacy where owners can find pet supplements, shampoos, and seek basic medical guidance for their pets. The pharmacy features different brands of medications – which they dub “petceuticals” […]
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Retail Asia05/02/2020
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Living

Vietnam’s Pharmacity eyes 1000 stores by end of 2021

1min0
Vietnam’s largest pharmacy retailer Pharmacity has raised VND730 billion (US$31.8 million) in a fresh funding round as it ramps up its expansion plans. According to a statement, the new funding will be used for further store network expansion. However, the identity of the investors was not revealed. Pharmacity, which previously has received backing from Mekong […]
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Retail Asia04/09/2019
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Living

Ebos confident about future growth

4min0
Christchurch-based pharmacy and animal healthcare firm said it is confident it will see a significant increase in earnings in FY20 after reporting a less than stellar result for the year ending June. Company chief executive John Cullity said 2019 was a year of high activity and strategically important for the group, as it set the […]
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Retail Asia28/08/2019
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Merger may create giant Japanese drugstore chain

1min0
Retailer Cocokara Fine may be acquired by its larger rival Matsumotokiyoshi Holdings to create the largest Japanese drugstore chain. Should it proceed, the merger would create a discount-pharmacy chain taking an annual ¥1 trillion (US$9.4 billion) in revenues, significantly higher than current market leader Welcia Holdings. Matsumotokiyoshi’s heavily discounted snacks, soft drinks and liquor have […]
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Retail Asia10/07/2019
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Living

Ecmoho Pharmacie plans US$100 million IPO

1min0
Chinese online pharmacy Ecmoho is seeking to list on the New York Stock Exchange in order to raise US$100 million for expansion. According to sources cited by Bloomberg, the IPO may take place as early as this year. The company has declined comment on the matter and sources say the exact timing and the target to […]
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Retail Asia06/06/2019
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Sigma chairman Resigns after remuneration protest

2min0
Brian Jamieson, chairman of Sigma Healthcare, has said he intends to step down within the next 12 months after shareholders protested the remuneration report at Sigma’s annual general meeting on Wednesday. Shareholders delivered an 18 percent vote against the report during the meeting, while also opting to re-elect Jamieson, as well as David Manuel, as […]
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Retail Asia06/11/2017
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Living

Welcia drugstore offers new instore brands

2min0
A new Japanese drugstore, Welcia-BHG, offers brands previously not available in Singapore. It is a JV between Japanese pharmacy and drugstore chain Welcia and BHG Holdings, a department store chain that has seven outlets in Singapore. On level one of the BHG department store in Bugis Junction, the 2700sqft (250sqm) store has two zones, health […]
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