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WeightWatchers announced on Monday its collaboration with Amazon to distribute medications such as injectable GLP-1 obesity treatments to its members. This partnership led to a 9% increase in the telehealth provider’s shares, as investors anticipated…
In a bold step toward enhancing its footprint in the African retail landscape, Toyota Tsusho, the trading arm of the Japanese automotive giant, announced its acquisition of Goodlife Pharmacy, East Africa’s largest drugstore chain. The move presents Toyota…
On a recent British Airways flight from San Francisco to London, an unusual incident occurred high above the clouds. A male flight attendant was discovered in the throes of an unorthodox dance, completely unclothed, inside a business class restroom.…
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…
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…
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…
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…
Amazon.com Inc is considering a nearly $100 million investment in India’s pharmacy chain Apollo Pharmacy, facing up to Reliance Industries Ltd and Tata Group in the country’s fast-growing drug market, the Economic Times reported on Wednesday, citing two…
Amazon.com Inc on Tuesday launched an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such as Walgreens, CVS and Walmart. Called Amazon Pharmacy, the new store lets customers…
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…
Health-and-beauty retailer Mannings has partnered with seven Hong Kong public hospitals to allow local residents to collect their prescribed medicines at its in-store pharmacies in a significant pivot from their usual role. The company says the move is part…
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…
Japanese pharmacy chains Matsumotokiyoshi and Cocokara Fine are entering into a merger. Under the terms of the new agreement – if approved by the boards of both sides – shares in the two firms will be transferred to a new business entity, with the transaction…
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…
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…
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…
