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Tag: pharmacy

Retail Asia31/10/2022
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Carlyle eyes investing in Malaysia’s Caring Pharmacy

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Multinational private equity investor Carlyle Group is reportedly in talks with Caring Pharmacy to acquire a majority stake in the Malaysian drugstore chain. According to DealStreetAsia, the deal is projected to reach more than US$300 million in size. Earlier this year, Caring Pharmacy’s majority owner, 7-Eleven Malaysia Holdings was said to be in talks with several […]
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Retail Asia01/08/2022
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Long Chau Pharmacy sees revenues triple in H1

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Long Chau Pharmacy tripled its revenues year-on-year in the first half-year to VND4 trillion ($171.38 million) and opened hundreds of new stores. It increased its contribution to FPT Retail’s revenues from 15 percent to nearly 30 percent in the period. At the end of June, Long Chau had 678 pharmacies, 278 more than at the […]
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Retail Asia14/04/2022
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Priceline Pharmacy launches health insurance

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Priceline Pharmacy has launched a unique health insurance brand and products in partnership with health fund nib. The launch of the health insurance products sees Priceline Pharmacy become the first pharmacy retailer to offer this to its customers. The cover includes all the stuff people would typically expect with private health insurance but the real […]
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Retail Asia16/09/2021
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E-pharmacy startup Medigo raises $1 million

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E-pharmacy startup Medigo has received a $1 million investment from venture capital firm Touchstone Partners. The med-tech company, which helps users order medicine from pharmacies in the comfort of their homes, plans to expand its offerings to telemedicine and other healthcare services amid growing healthcare spending in Vietnam. Medigo, launched in July 2019, has partnered […]
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Retail Asia09/06/2021
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Amazon launches Pharmacy subscription offer in US

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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 Asia03/05/2021
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Online concierge pharmacy platform POC raises $4.5 mln to improve services in Vietnam

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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 Asia04/11/2020
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JV arrives to create US$7.9bn Chinese pharmacy giant

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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 Asia13/07/2020
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Malaysia’s first pharmacy for pets opens – Vet Pharmacy

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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 Asia05/11/2019
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Chinese pharmaceutical group may bid for ailing GNC

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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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Indian pharmacy MedPlus new openings in Mumbai

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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 Asia04/09/2019
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Ebos confident about future growth

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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 Asia14/06/2019
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ACT’s first drive-thru pharmacy Concept Wins Interest

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The ACT’s first drive-thru pharmacy, Gold Creek Discount Drug Store, has proven a hit with the local community a year on from opening, highlighting the importance of accessible healthcare in rural areas. The ‘door-to-door’ service has offered greater accessibility, convenience and flexibility to the community, with the elderly, pregnant women and those with mobility issues, […]
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Retail Asia19/03/2019
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API doubts Sigma plans

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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 Asia11/04/2018
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Daigou retailer to expand into over 150 pharmacies

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Daigou retailer AuMake has inked a deal with pharmacy network Chemsave which will see its own branded products distributed through a network of 150 pharmacies across the country. The announcement, which follows the listed retailer declaring a trading halt earlier this week, will see Aumake’s own-branded health supplement and honey products distributed initially, prior to […]
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Retail Asia30/10/2017
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Tigas Alliance opens innovative flagship pharmacy

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Tigas Alliance, the pharmacy chain owned and run by Berjaya Pharmacy Retail, has opened a flagship at Plaza Berjaya in Kuala Lumpur. Farmasi Tigas Ekspres features an innovative service format that includes health advice. With the tagline “A pharmacy you can talk to”, Tigas Alliance focuses on providing consultation services with its own licensed pharmacists, […]
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