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Local Pharmacies Face Cash Crisis

Tens of thousands of independent community pharmacies across the country are facing a cash crunch. The net result could be closures, leaving communities around the country with no local chemists.

Read the full article on the BBC website

NAM Implications:
  • Given the two-month government reimbursement vs payment of suppliers…
  • …it is inevitable that local pharmacies, in particular, are experiencing cashflow issues.
  • Supplier-wholesaler selective extension of credit periods may be the only option in the face of government’s other priorities.