Is independent pharmacy about to go the way of the dinosaurs?
As the large pharmacy chains become more aggressive with their discounting, plenty of independents are wondering if it's time to shut up shop -- literally -- rather than engage in a price war with the discount goliaths.
Discount pharmacy chains are showing big growth figures, and many independent pharmacists worry that the only way to survive is to join the crowd.
Of Australia's 5,000 or so pharmacies, the wholesalers represent about a quarter of the landscape, the retail chains about 30 per cent and less than half are small groups or individual independent pharmacists.
Milton Burrell is the national manager at Australian Pharmaceutical Industries, a pharmacy wholesaler with subsidiaries...
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