Share Price of API Rise by 2.7% After New Government Funding

  • Jun 16, 2020 AEST
  • Team Kalkine

Leading pharmaceutical wholesaler, Australian Pharmaceutical Industries (ASX:API), has embraced the increased Government funding for a network of medicine wholesalers across Australia.

Australian Pharmaceutical Industries is one of the four associates of the National Pharmaceutical Services Association that will gain profit from this commitment of additional funding for next 5-years, beginning 1 July 2020.

Moreover, the funding shall fortify critical national infrastructure as well as ensure equality of access to vital medicines for all Australians.

API quoted at A$1.140 up by 2.703% (at AEST 12:16 PM) on 16 June 2020.


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