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Pharmaco well placed for continued expansion

Pharmaco well placed for continued expansion

Hon. Peter Dunne, Associate Minister of Health, opens newly enlarged head office

Entering new business sectors, two acquisitions, new contracts and a growing business in Australia has meant the need to enlarge Pharmaco (NZ) Limited’s Mount Wellington head office, Auckland, which was officially opened today by Associate Minister of Health, Peter Dunne.

Pharmaco’s healthcare sales, marketing and distribution business has expanded in the last three years.

In 2012, it was awarded the role of sole supplier of diabetes blood glucose testing meters and strips in New Zealand and last year it acquired Frontier Medical, a leader in the sales and distribution of emergency medical care and equipment to the ambulance, fire, police and the Defence Forces.

In 2013, Pharmaco also acquired the CareSens business in Australia, the same manufacturer of blood glucose meters and strips now supplied in New Zealand. It also now supplies and distributes Insujet in Australia, an innovative needle free insulin administration technology.

Chandra Selvadurai said the enlarged head office reflects strong growth in the business and ambitious plans for the future:

“Pharmaco’s approach is to offer the best and highest quality researched products from innovative pharmaceutical and medical technology companies from around the world,” he says.

“Our approach is to seek out the best, carry out detailed due diligence, develop supply chains, and then market and distribute in New Zealand and Australia.

“We have supported New Zealand’s healthcare for nearly 50 years, we’ve operated in Australia since 2004 and our success is based on strong values and an approach that is always from the heart,” he says.

Pharmaco has led the way in giving New Zealanders access to world leading health products since 1967. It currently represents over twenty international pharmaceutical and medical technology companies from around the world and manages the sales, marketing and distribution for over 2500 products.

ENDS

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