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PD breaking news – Sigma settles Chemist Warehouse dispute

Chemist Warehouse agrees not to buy from another CSO wholesaler. 

Sigma Healthcare has just confirmed a “negotiated settlement” in its dispute with Chemist Warehouse, which had seen the retail pharmacy giant threaten to purchase generics from an alternative supplier.

Sigma said Chemist Warehouse/My Chemist had given an undertaking not to pursue the procurement of products from another CSO wholesaler for the remaining term of the agreement.

As a result of the settlement Sigma has confirmed its current year EBIT guidance of $90 million, with next year also anticipated to be at a similar level.

“Importantly, both parties are committed to a more constructive approach to discussions for a new agreement, with discussions expected to advance over the 2018 calendar year,” said Sigma ceo Mark Hooper.

More details in today’s issue of Pharmacy Daily.


The above Breaking News Alert was sent to Pharmacy Daily subscribers on 17 Oct 17

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