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Ayala Corp. arm's retail drugstore chain purchase reviewed on competition concern

THE Philippine Competition Commission (PCC) said it will conduct a “more detailed” review of the proposed acquisition by Ayala Corp.’s pharmaceutical arm of a Northern Luzon drugstore chain after the competition watchdog discovered “potential” competition concerns in the retail sale of pharmaceutical and non-pharmaceutical products in the region. In a… ....

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Ayala buys minority stake in pharma firm

AYALA Healthcare Holdings Inc. (AC Health) announced having acquired a minority stake in north Luzon-based pharmaceutical company Joleco Resources Inc., which operates stores under the brand name “Saint Joseph Drug.” The definitive agreements were signed last December 15 between Joleco and AC Health’s pharmaceutical arm, AHCHI Pharma Ventures Inc. (APV).… ....

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