http://archive.traveldaily.com.au/PD/2011/Apr11/pd130411.pdfAPI...

http://archive.traveldaily.com.au/PD/2011/Apr11/pd130411.pdf


API this morning confirmed that it
will not participate in the current
$600m Pharmacy Alliance tender
process, with the company issuing
a statement further detailing its
dispute with the buying group.
Despite yesterday saying it was
inappropriate to comment on the
matter, API has now provided
further information about the
disagreement, saying that as
recently as last Dec it had reached
agreement with Pharmacy Alliance
(PAL) on an ongoing deal for API to
be the group?s preferred wholesaler.
API has taken exception to the
issuing of the PAL tender, saying
this ?effectively amounted to a
unilateral repudiation of the
agreement with API.
?In API?s view, this repudiation
was not justified and is in breach of
the agreement,? the company said,
confirming that it?s ?considering its
legal options? as a consequence.
API ceo Stephen Roche said it was
?regrettable pharmacists had been
caught up in a commercial dispute
initiated by PAL,? assuring them
that API has a ?highly competitive
proposition and is confident of a
satisfactory commercial outcome
for API and its customers?.