Opinion
Chemist Warehouse blows up pharmacy regulation
The listing of Chemist Warehouse on the ASX is the final nail in the coffin for laws designed to keep pharmacies in the hands of small business owners.
Tony BoydContributorChemist Warehouse founders Jack Gance and Mario Verrocchi have not only built the country’s most successful retail healthcare business, they have blown up key pillars of the regulatory framework that underpins about $16 billion in annual federal drug subsidies.
Gance and Verrocchi, who are orchestrating the $9 billion reverse takeover of Chemist Warehouse by Sigma Healthcare, are the great disrupters of a fragmented healthcare system.
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