Who is the owner of Generika?

Who is the owner of Generika?

Ted Ferrer, Generika Drugstore founder and President “Generika Drugstore has always focused on and prioritized the health needs of the poorer sector of the country since it opened its first store 14 years ago. We have positively disrupted and changed the landscape of the pharma retail industry.

How many branches of Generika are there?

Generika was established in 2003 with the vision of making quality affordable generic medicines more accessible for Filipinos. Since then, it has grown into a chain of over 765 branches nationwide.

Is Generika a corporation?

Today, Generika Drugstore is a proud member of AC Health- a wholly-owned subsidiary of the Ayala Corporation, and serves as the portfolio company for healthcare businesses. Its vision is to build a synergistic ecosystem that links every patient to a seamless healthcare experience.

How much is the franchise of Generika in the Philippines?

The total investment cost in investing in a Generika Drugstore Franchise will cost around P800,000.00 to P1. 5 Million pesos. This is divided into two component namely the franchise package which is P345,000.00 to P605,000.00 and its content that is dependent according to the type of drugstore the franchisee chose.

Is Generika owned by Ayala?

Ayala Corporation, through its subsidiary Ayala Healthcare Holdings, Inc., acquired 50% of Actimed Inc. (Generika Drugstore) in July 2015.As of 2019, Ayala now owns 52% of the company.

How much is the franchise fee of Generika?

The franchise fee, payable to the Franchisor, P210K. It is a one-time payment which is good for the entire duration of the franchise (5 years). Franchisor to validate the prospect site, and for other research deemed necessary by Generika Drugstore.

Is generic pharmacy profitable?

Apart from elevating the status of healthcare, generic pharmacy franchises serve as a lucrative business model for entrepreneurs in this field. There are a lot of benefits for entrepreneurs to operate a generic pharmacy under franchise system. Here are some of the reasons why generic pharmacy franchises are lucrative.

Is pharmacy business profitable in the Philippines?

Since the demand is growing , the potential of the pharmacy business is brighter than ever. The popularity of inexpensive generic medicine has also opened up new opportunities. Less capital is needed for generics and they are also more profitable to sell than branded medicine.

What type of business is Generika?

Generika Drugstore is the pioneer private drugstore chain established in 2003 to provide access to quality, affordable, generic medicines and related health products and services.

Is Mercury Drug a franchise?

Sadly, Mercury Drug is not open for franchise, all of its branches nationwide are company owned.

Which generic franchise is best?

Generic Aadhaar is the top Generic Medicine Franchise, Medical Franchise, Generic Medical Store franchise, Pharmacy franchise business opportunity provider company. Our company is founded by india’s youngest entrepreneur Mr. Arjun Deshpande and backed by veteran business Icon Mr Ratan Tata Sir.

How much capital is required to open a pharmacy in the Philippines?

CAPITAL. It is possible to start with only Php 100,000 if you own the location and if renovation would be minimal. But, this amount will only be sufficient if you will stock mostly on generic drugs. In most cases, the minimum start up requirement will be at least Php 300,000 for a small drugstore.

Which Pharma franchise is best?

List of Top 10 Pharma Franchise Companies in India

  • Progressive Life Care.
  • Ambit Bio Medix.
  • Fossil Remedies.
  • Irene Pharma.
  • Wellona Pharma.
  • V Care Biotech.
  • Cubit Healthcare.
  • PCD Pharma India.

Is generic medicine business profitable?

Generic Medicine Business is a lucrative option for entrepreneurs. In generic pharmacy, the franchise system has so much to offer. If you’re looking to start the generic medicine business, then opting for a Generic Aadhaar franchise could be the right step.

Are generic drugs weaker?

Are generic name drugs less effective? No. Generic medications are just as effective as brand-name drugs. According to the FDA, drug makers must prove that generic medications can be substituted for brand-name drugs and offer the same benefits as their brand-name counterparts.

Should I buy generic drugs?

Are Generic Medications as Safe and Effective? According to the FDA, all drugs, including brand name drugs and generic drugs, must work well and be safe. Generic drugs use the same active ingredients as their brand-name counterparts and, therefore, have the same risks and benefits.