Wednesday, June 13, 2007

Pharmacist inks Internet drug deal

From the Vancouver Province:
A Surrey pharmacist has signed an exclusive deal with the Philippines government to sell prescription drugs in that nation on the Net.

Bob Rai is president of Pharma-Canada Inc., which he said signed the five-year deal in March and hopes to be operating early in August. "The federal government of the Philippines wants to reduce medication costs by about 50 per cent by the year 2010," Rai said yesterday.

He has business contacts in the Philippines after travelling there regularly for several years to facilitate his dealings in herbal medications and generic drugs. To reduce costs, government-run pharmacies have been set up to offer an alternative to the more expensive, private pharmacies. ...more

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