Who is Generika?
Generika Drugstore was founded with the vision of empowering Filipinos by providing them access to quality, affordable generic medicines. When Generika opened its first drugstore at Montillano, Muntilupa City in 2004, it became the pioneer champion for quality generic medicines in the pharma retail space.
Who is the owner of Generika Drugstore?
Ted Ferrer, Generika Drugstore founder and President “Generika Drugstore has always focused on and prioritized the health needs of the poorer sector of the country since it opened its first store 14 years ago. We have positively disrupted and changed the landscape of the pharma retail industry.
How many Generika branches are there in the Philippines?
Generika was established in 2003 with the vision of making quality affordable generic medicines more accessible for Filipinos. Since then, it has grown into a chain of over 830 branches nationwide.
Is Generika Drugstore a corporation?
Today, Generika Drugstore is a proud member of AC Health- a wholly-owned subsidiary of the Ayala Corporation, and serves as the portfolio company for healthcare businesses. Its vision is to build a synergistic ecosystem that links every patient to a seamless healthcare experience.
How much is the franchise of Generika in the Philippines?
How much is the franchise fee itself? The franchise fee, payable to the Franchisor, P210K. It is a one-time payment which is good for the entire duration of the franchise (5 years). Franchisor to validate the prospect site, and for other research deemed necessary by Generika Drugstore.
What is the tagline of Mercury Drug?
Nakasisiguro Gamot ay Laging Bago
Its slogan, Nakasisiguro Gamot ay Laging Bago, is a guarantee of fresh and high-quality medicines sold in Mercury Drug, whether branded or generic.
Which are generic medicines?
A generic medicine is a drug that imitates brand-name drugs with respect to strength, effect, dosage, form, administration, quality and safety. A generic drug must obtain FDA approval for prescription and consumption. You can easily buy generic medicines online as well as from your local pharmacy.
How much is a drugstore franchise Generika?
How do I get a Mercury drugstore franchise?
Sadly, Mercury Drug is not open for franchise, all of its branches nationwide are company owned.
When was Mercury Drugstore founded?
2021 Philippines 50 Richest NET WORTH Vivian Que Azcona is the president of Mercury Drugs, the largest drugstore chain in the Philippines. The pharmacy chain was founded in 1945 by her late father Mariano Que who died in March 2017 at age 96.
How did Mercury Drug Store started?
Mercury Drug began from a bottle of sulfathiazole, which was considered a wonder drug after the war. It was 1945, and Manila had just been liberated from the Japanese occupation. He went to Bambang St., Manila, where the action was then, on advice of a friend, and saw a peddler selling sulfathiazole there.
Why is it called Generika Drugstore?
It was in September 2003 that Erikagen, Inc. the mother company of Generika Drugstore was established as a result of a cheaper alternative to the rising prices of medicines in the country. The company wanted to promote the use of generic drugs, thus the name Generika Drugstore.
How much does it cost to open Generika Drugstore franchise in Philippines?
The total investment cost in investing in a Generika Drugstore Franchise will cost around P800,000.00 to P1.5 Million pesos. This is divided into two component namely the franchise package which is P345,000.00 to P605,000.00 and its content that is dependent according to the type of drugstore the franchisee chose.
What is Generika medpadala?
True to its pioneering spirit, Generika Drugstore in 2014 launched MEDPadala- an electronic gift certificate that can be used to purchase medicines across Generika’s store network nationwide. This was in response to the growing need of OFWs abroad to earmark money sent to their families in the Philippines for their health needs.
Why choose Generika POS system?
Retail expert, the proprietary POS system of Generika, which helps you manage your sales transactions, inventories and facilitate customer service and is regularly loaded with new features and modules Other costs shouldered directly by the Franchisee are the following: