What codeine, direct supply and PBS reforms mean for TerryWhite partner EBOS
Upscheduling OTC codeine products was bad news for EBOS, the parent company of wholesaler Symbion and half-owner of the TerryWhite Chemmart chain.
The main concern was heavy discounting in the lead-up to the rescheduling, CEO Patrick Davies told investors at a presentation of the company’s half-year results.
This had an impact on earnings in Australia, but this was not material on a group level.
“The rescheduling of codeine basically has affected all of the wholesalers and we weren’t alone in terms of that impact,” said Mr Davies.