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The Generics Pharmacy was established by businessman Benjamin Liuson. [2] The Liusons, a traditional Chinese family has been involved in the pharmaceutical industry since 1959 through Pacific Pharma, an importer and wholesaler of drugs. [3] In 1983, Pacific Pharma shifted to investing on generic drugs. [3]
The Mercury Drug Corporation, better known as Mercury Drug, is a Filipino pharmacy chain. A subsidiary of the Mercury Group of Companies, it is headquartered in Bagumbayan, Quezon City. [5] The chain was founded in Santa Cruz, Manila in 1945, [1] making it the second oldest drugstore chain in the Philippines after Southstar Drug by eight
Unilab, Inc., commonly known as Unilab (stylized in all caps), is a Philippine pharmaceutical company headquartered in Mandaluyong, Metro Manila. [1] It specializes in a wide range of consumer healthcare products such as prescription and over-the counter medications, vitamins and food supplements, and biotechnology.
The Food and Drug Administration (FDA) of the Philippines, formerly the Bureau of Food and Drugs (BFAD / ˈ b iː f æ d /; 1982–2009), is a health regulatory agency under the Department of Health created on 1963 by Republic Act No. 3720, amended on 1987 by Executive Order 175 otherwise known as the "Food, Drugs and Devices, and Cosmetics Act", and subsequently reorganized by Republic Act No ...
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It was established in 1937 as a small business venture engaged in the retail of Chinese herbal medicines, located in Naga, Camarines Sur, and is the oldest operating drugstore in the Philippines. [2] Southstar Drug was formerly known as Southern Drug (1937–1950) and New South Star Drug (1950–1990s).
In some countries, such as Brazil (photo) and France, more than 20% of all drug sales in units are generic. A generic drug is a pharmaceutical drug that contains the same chemical substance as a drug that was originally protected by chemical patents. Generic drugs are allowed for sale after the patents on the original drugs expire.
In 2008, former President of the Senate of the Philippines Manny Villar launched Finds Convenience Store Inc. as an experimental business. [4] [5] Finds grew to 40 branches in Metro Manila, serving as a convenience store outlet for his housing business, Camella Homes, and at his mall chain, Starmall.