Sunday, May 06, 2007

Shoppers boss unfazed by drug laws

From the Globe and Mail:
The new chief executive officer at Shoppers Drug Mart Corp., who must contend with new drug laws, insists that an aging and more health-conscious population creates huge business opportunities for everything from prescriptions to organic foods and premium skin-care products.

Jurgen Schreiber, at his first Shoppers annual meeting, dismissed "rumours" that new generic drug pricing laws, which came into full effect on April 1 and reduce the amount Ontario will pay for generics, could put a damper on Shoppers' stellar financial performance. ...more

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