Sigma wins Pharmacy Alliance
July 1, 2011
SIGMA Pharmaceuticals this
morning announced that it has
been selected by the Pharmacy
Alliance (PAL) and the Independent
Pharmacists of Australia (IPAG)
group as a preferred wholesale
distribution partner.
The five year deal follows a
tender called by the Pharmacy
Alliance, which led to its previous
wholesaler Australian
Pharmaceutical Industries
approaching its members directly.
The group together comprises
about 380 pharmacies which
represent $400m worth of annual
wholesale revenues.
“Sigma and PAL expect that
during the term of the
appointment at least two thirds of
PAL and IPAG members will use
Sigma as their first line wholesaler,”
a stock exchange statement said
this morning.
Sigma ceo Mark Hooper said the
decision was a “very positive
outcome for both Sigma and PAL
and IPAG members.
“We have appreciated the
opportunity of working with the
group’s members over the past few
months and look forward to
building on this relationship”.
Pharmacy Alliance founder and
chairman, Simon Reynolds, said the
move followed “robust discussions
and negotiations to ensure we
optimise the supply arrangements
for our members.
“In today’s environment of PBS
reform and other industry
challenges, we have endeavoured
to provide an arrangement which is
not only competitive in commercial
terms but also creates a
partnership through which we can
work with our wholesaler to negate
these headwinds,” he said.
Sigma had been acting as the
group’s wholesaler on an interim
basis after relationships between
PAL and IPAG and API broke down.
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