Medici Capital > News > Event Update - Pharmacy Market Risk Report and Bankers Briefing

event update - pharmacy market risk report and bankers briefing

Thursday, 14 December 2006

Medici Capital launched the Medici Capital Pharmacy Market Risk Report for 2007 at the Pharmacy Banker's Briefing Lunch yesterday 13 December 2006. The lunch provided a forum for discussion regarding the new developments in the fourth agreement of the PBS as well as the recent announcements regarding generics. The function was also the launch of Market Watch, an on-line tool for validating pharmacy purchase/sale data.

Market Watch is a proprietary tool of Medici Capital aimed at identifying whether or not purchases data falls within acceptable levels of tolerance. The tolerance levels have been statistically calibrated based on analytical data from Medici Capital's research into pharmacy acquisitions over the past 4 years. To find out more about the Market Watch, visit Medici Express (http://express.medici.com.au) and navigate to the Market Watch.

The event was attended by representatives from all the major banks and wholesalers, eager to hear the perspective of The Pharmacy Guild and Medici Capital in relation to the future of pharmacy. The general consensus was that numerically, the future appeared bleak, however long term, pharmacy would continue to well.

Speakers at the lunch were:

Frank Sirianni of Medici Capital;
Vasken Demirian of The Pharmacy Guild of Australia; and
John Dowling of The Pharmacy Guild of Australia.

John and Vasken re-iterated praise for Kos Sclavos, National President of The Pharmacy Guild, for his insight in aligning the interests of the medical associations to ensure the best possible result for all parties when engaging in the agreement proceedings. This allowed the development of the fourth agreement to continue smoothly and swiftly allowing for pharmacy industry security to be locked into Australia before the next federal election.

If you attended the event, a copy of the notes are available by request through Medici Capital. Please contact us on (03) 9853 7933.

For further information or comments regarding our events, please contact us through the Contact Us section of this website, or call us on (03) 9853 7933.