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Tag: drugs

Retail Asia30/01/2023
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General

Pharma firms see profits soar post-Covid

2min0
Many pharmaceutical firms have reported record profits in 2022 thanks to high demand for drugs and other healthcare products post-Covid. DHG Pharma reported a profit of VND988 billion (US$42.1 million), a 27% increase from 2021 and 29% higher than the management’s target. It is the highest profit it has reported since it started making its […]
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Retail Asia09/06/2021
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Living

Amazon launches Pharmacy subscription offer in US

2min0
Amazon.com Inc said on Tuesday it was now offering six-month prescriptions starting at $6 for medications of common health issues through its pharmacy. The company said prime members would get additional savings when paying without insurance. Customers can pay as low as $1 per month for select medications, including drugs to treat diabetes and blood […]
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Retail Asia02/02/2021
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General

Pharma industry growth slows down

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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 Asia04/11/2020
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Living

JV arrives to create US$7.9bn Chinese pharmacy giant

4min0
China’s Laobaixing and Yixintang Pharmaceutical Group are in advanced talks to create the country’s biggest drugstore chain via a share swap, three people familiar with the matter said. Laobaixing’s founders, Xie Zilong and Chen Xiulan, are expected to have a bigger stake in the merged firm than Yixintang’s founder Ruan Hongxian, said two of the […]
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Retail Asia21/10/2020
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Living

Dairy Farm sells Rose Pharmacy chain to Robinson Retail

3min0
Listed Robinsons Retail Holdings reported on Friday that it acquired local drugstore chain Rose Pharmacy Inc. through its subsidiary South Star Drug Inc. In a disclosure, the Gokongwei-led retailer said South Star Drug and Dairy Farm International Holdings Inc. subsidiary Mulgrave Corp. B.V. (MCBV) signed a share purchase agreement to buy Rose Pharmacy. Dairy Farm […]
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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 Asia05/11/2019
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Living

Chinese pharmaceutical group may bid for ailing GNC

1min0
Chinese firm Harbin Pharmaceutical Group is poised to take over and privatize US vitamin and retailer supplier GNC. The firm acquired a 40-per-cent shareholding in the company last year, initiating an e-commerce business in joint venture with GNC in China. Harbin currently owns its stake as convertible preferred shares. The potential takeover is complicated by […]
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Retail Asia07/10/2019
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Living

Indian pharmacy MedPlus new openings in Mumbai

2min1
Indian pharmacy retail chain MedPlus is preparing to launch in Mumbai. The firm, which already has around 1700 locations predominantly in South India, plans to open 100 stores annually in the new territory. A hundred of its current locations are run as franchises. “In Mumbai, we will be setting up our own stores,” said MedPlus […]
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Retail Asia29/07/2019
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Living

Boots store of the future opens in London

2min0
Boots has launched its new format store in Covent Garden, foreshadowing expected upgrades in its international operations. The new format’s “Beauty and Wellness Halls” will introduce more than 300 brands, as well as innovative experiences and access to expert advice. They also feature Instagram points and two beauty studios. Covent Garden is now also home […]
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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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Living

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 Asia19/03/2019
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General

API doubts Sigma plans

3min0
The proposed merger between the owners of the Priceline and Amcal pharmacy chains is off after Sigma Healthcare rebuffed an approach by its rival. Amcal owner Sigma, which is restructuring after losing a contract to supply Chemist Warehouse, said on Wednesday that October’s cash-and-scrip approach by Australian Pharmaceuticals Industries had undervalued its long-term prospects. Instead […]
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Retail Asia13/03/2019
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Living

Global legal cannabis market growth stable

3min0
The volume of the legal cannabis market is expected to soar nearly 14-fold within six years according to research by Euromonitor International. Legal cannabis sales reached US$12 billion globally last year with exponential growth ahead, will reach $166 billion by 2025, based on Euromonitor’s projections. The global cannabis market, both legal and illicit, stands at […]
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Retail Asia02/01/2019
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Living

Korean drug companies anticipate a strong 2019

4min0
Korean pharmaceutical companies are entering 2019 with high expectations as several domestic drugs are expected to gain approval from overseas regulators this year. Though the Samsung BioLogics accounting fraud scandal made 2018 a less-than-stellar year for the pharmaceutical industry, bio firms are ready to get back on their feet with new drugs and licenses. Daewoong […]
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Retail Asia14/11/2018
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Uncategorized

LG Chem signs deal to distribute cancer drug

4min0
LG Chem has partnered with U.S. bio company Cue Biopharma to develop immunotherapy drugs to treat cancer, the local company announced Monday. Immunotherapy drugs help patients fight diseases like cancer by enhancing their immune system. It is a relatively unusual form of cancer therapy that differs from the conventional approach of using medication to directly […]
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