04 March 2008

API and Alphapharm form new strategic partnership

Alphapharm is Australia's leading generic pharmaceutical supplier and they are moving their business to API, which means we will distribute nearly all their products and we will have preferred deals on their products for all our retail pharmacy brands. API will undoubtedly be the new market leader in the pharmacy industry in both distribution and retailing. It is also pleasing that we have been able to build on the relationship that we had established between Alphapharm and Priceline Pharmacy into an arrangement that brings greater benefits to our total business.