Hospital Pharmacy Director Earns Membership With Stanford Who’s Who
BRISABNE, QLD, AUSTRALIA, December 11, 2010 /Stanford Who’s Who/ — Stanford Who’s Who welcomes Lynette M. Joy to the ranks of leading professionals as a result of her phenomenal work in the Pharmaceutical Industry. As Director of Pharmacy for Princess Alexandria Hospital, Lynette has consistently demonstrated the vision, dedication and diligence necessary to be considered among the best.
Princess Alexandria Hospital is one of three tertiary level facilities in Queensland, providing care in all major adult specialties, with the exception of obstetrics. It is also one of Australia’s premier teaching and research hospitals. They provide acute medical, surgical, mental health, cancer, rehabilitation and allied health services as well as statewide services.
Lynette is responsible for managing the pharmacy department of the facility as well as overseeing the daily operations. During her educational career, she earned a Bachelor’s degree in Pharmacy from the University of Queensland and a Diploma of Hospital Administration from The Society of Hospital Pharmacists of Australia. Lynette is a member of the Society of Hospital Pharmacists of Australia.
About Stanford Who’s Who
Stanford Who’s Who empowers executives, professionals and entrepreneurs around the world. Our mission is to recognize successful individuals in multiple industries by providing a forum for networking, consulting, exposure and credibility to broadening one’s future success. Realizing the power of forming business and professional relationships, we have created numerous resources that our members use for a multitude of reasons. With access to thousands of professional biographies of individuals in over 100 different industries, our members utilize our database to recruit others, to announce their career accomplishments, and for lasting, valuable relationships that extend beyond our membership program.
Generics Pharmacy targets more outlets
DRUGSTORE chain The Generics Pharmacy is set for a rapid expansion in the next three to five years driven by higher demand for cheaper generic drugs, its top executive said.
The company also wants to tap overseas markets like Vietnam and the US after gaining a foothold in the domestic market.
“In the next three years, we should have 1,500 outlets,” Benjamin Liuson, president and chief executive of The Generics Pharmacy Franchising Corp., said in an interview.
“I think we can go up to 2,000 outlets nationwide,” he added.
Bulk of The Generics Pharmacy branches, which sell antibiotics, appetite stimulants, cough and cold remedies, diuretics, food supplements and anti-allergy drugs, are in Luzon.
After only three years in franchise operations, the company has already hit 1,000 stores this month, translating to about 300 new branches per year.
The Generics Pharmacy was incorporated in 1949 and was taken over by a new management in 1959 for the importation and wholesale of pharmaceutical products. In 2007, the company started retail operations and franchising to offer cheap medicines locally.
It became the first generics retail pharmacy to franchise in the country.
Growth drivers
Mr. Liuson said the growth drivers for the company include “[medicines as] basic necessity and our affordable prices.”
“Our price difference is still big,” Mr. Liuson said, saying that for instance, in The Generics Pharmacy, Biogesic and Norvasc are sold at 60 centavos and P5.50, respectively, lower than the P3 and P22 in other stores.
Furthermore, franchisers that book profits usually open more stores.
“We have low expenses,” Mr. Liuson said, adding that the company does not spend much on marketing and advertising.
The generics drug industry has been able to break out of the stigma that generic and cheap drugs are fake or ineffective.
Medicines that are past the patent protection can be freely produced by drug companies worldwide.
On its Web site, The Generics Pharmacy has 1,050 pre-approved locations that franchisees can readily tap to start a business.
“We are going into second-, third- and fourth-class municipalities,” Mr. Liuson said.
Furthermore, the company wants to expand operations overseas and is looking at Indonesia, Bangladesh, Vietnam, and the US.
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