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Indian billionaires are vying to introduce cost-effective medications for diabetes and obesity in response to the escalating demand for reasonably priced alternatives to the well-known weight-loss drug, Ozempic. Sun Pharmaceutical Industries, established by…
An American citizen, alongside two individuals from Kazakhstan, are potentially facing the death penalty on accusations of drug-related offenses in the popular Indonesian vacation destination of Bali, according to local authorities. The announcement was made…
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…
It’s a jungle out there, and in the 21st century, it’s a cyber jungle we’re talking about. According to research done by Pew Research Center back in 2018, “95% of teens have access to a smartphone, and 45% say they are online almost constantly.” The most…
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…
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 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…
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…
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…
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…
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.…
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…
TerryWhite Chemmart (TWC) announced Duncan Phillips as the new chief executive of the pharmacy retailer on Tuesday, following Anthony White’s decision to step down after 11 years at the helm. White said in a statement on Tuesday that it has been “an absolute…
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…
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…
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…
