Quantum signs exclusive contract with the UK’s third largest pharmacy chain
Quantum Pharmaceutical, wholly owned subsidiary of Quantum Pharma Plc has signed a three year contract with Bestway Panacea Healthcare Limited, a wholly owned subsidiary of Bestway Group. The deal names Quantum as an exclusive supplier of unlicensed medicines and Special Obtain products to Bestway’s pharmacy stores.
Under the agreement, Quantum will supply each of Bestway’s 774 pharmacy stores which currently trade under the Co-operative Pharmacy name with all unlicensed medicines and Special Obtain products. Co-operative Pharmacy was acquired by Bestway Group in October 2014 for £620 million.
Andrew Scaife, Chief Executive Officer of Quantum Pharma Plc, said: “The signing of this contract marks the culmination and formalisation of years of work with Co-operative Pharmacy. Quantum Pharmaceutical has a service-driven business model which enables us to provide shorter lead times for pharmacies across the UK, which we believe will be of major benefit to Bestway.
“With 774 pharmacies located across the country, the Board is delighted to have won such an important and exclusive contract and we look forward to working with Bestway in the future as we continue to increase our customer base across the unlicensed medicines and Special Obtains market.”
Posted by: Quantum Webmaster on 29th December 2014