Hi, I am a Pharmacist qualifed for some years and looking to get into ownership. I am guessing that someone here knows the answer to my questions:

Can anyone with some experience tell me what the average turnover and NET profit for an owner-operated Pharmacy in KL / Malaysia is these days (ie you are the owner and single pharmacist working)?

Also how much cash does one need to start a Pharmacy from scratch (ie stock + shop-fit)?

Cheers,
Alex

maybe you can post your questions here https://www.facebook.com/mpsypc?fref=ts

however in my limited knowledge, the net profit nowadays is getting less due to heavy competition from the big chains and discrimination from pharma companies in terms of stock price to private pharmacies compared to GPs.  you can still make a decent profit but definitely won't be mega rich.

starting a shop may cost 50-100k depending on location, renovation fees, stock fees etc.

Thanks for your reply Zstan. Seems to be very cheap to setup a Pharmacy including stock....doesn't seem right? I have heard of figures ranging from RM15k to 30k thrown around or approx. 10% net.

New entry requirements beginning March 2013. added to 1st page. They are really placing emphasis on Chemistry now 

Source

STPM
-CGPA 3 dan ke atas termasuk sekurang-kurangnya B dalam subjek Kimia
i) Pemohon warganegara Malaysia wajib lulus Bahasa Malaysia dan Bahasa Inggeris dengan sekurang-kurangnya mendapat gred C dalam Sijil Pelajaran Malaysia (SPM) atau yang setara

ii) Wajib lulus minimum band 3 dalam Malaysian University English Test (MUET) sebelum pelajar bergraduat
A - LEVEL
3B ATAU 2A1C ATAU 1A1B1C dalam Biologi DAN Kimia DAN Fizik ATAU Matematik dengan sekurang-kurangnya B dalam subjek Kimia

(Dengan merujuk Sistem Skor Universities and Colleges Admission Service

(UCAS) yang dilaksanakan di United Kingdom bagi keputusan A-Level iaitu dengan ketetapan skor  A+ = 140, A=120, B= 100 dan C=80)

*  Keperluan 3B yang dicadangkan oleh LFM adalah menyamai jumlah skor 300 dengan B untuk matapelajaran Kimia

i) Pemohon warganegara Malaysia wajib lulus Bahasa Malaysia dan Bahasa Inggeris dengan sekurang-kurangnya mendapat gred C dalam Sijil Pelajaran Malaysia (SPM) atau yang setara
ii) Wajib lulus minimum band 3 dalam Malaysian University English Test (MUET) sebelum pelajar bergraduat
MATRIKULASI ATAU PRA-PENGAJIAN PERUBATAN DAN FARMASI ATAU FOUNDATION DALAM SAINS

Matrikulasi ATAU Pra-Pengajian Farmasi/ Perubatan dengan GPA 3.0 ke atas dengan sekurang - kurangnya B  bagi  Kimia 
ATAU

Foundation dalam Sains dengan GPA 3.5 ke atas dengan sekurang - kurangnya B  bagi  Kimia 

DAN 

Program perlu di jalankan dalam tempoh sekurang-kurangnya 1 tahun

i) Pemohon warganegara Malaysia wajib lulus Bahasa Malaysia dan Bahasa Inggeris dengan sekurang-kurangnya mendapat gred C dalam Sijil Pelajaran Malaysia (SPM) atau yang setara

ii)  Wajib lulus minimum band 3 dalam Malaysian University English Test (MUET) sebelum pelajar bergraduat

iii) Lulus Sijil Pelajaran Malaysia (SPM) dengan sekurang-kurangnya 5 B dalam Biologi DAN Kimia DAN Fizik DAN Matematik (ATAU Matematik Tambahan) DAN satu subjek lain di peringkat Sijil Persekolahan atau yang setara
DIPLOMA
Diploma Sains (Kimia atau Biologi atau Fizik) CGPA 3.75 dan ke atas termasuk B dalam subjek Kimia

ATAU

Diploma Farmasi CGPA 3.5 dan ke atas
i) Pemohon warganegara Malaysia wajib lulus Bahasa Malaysia dan Bahasa Inggeris dengan sekurang-kurangnya mendapat gred C dalam Sijil Pelajaran Malaysia (SPM) atau yang setara

ii) Wajib lulus minimum band 3 dalam Malaysian University English Test (MUET) sebelum pelajar bergraduat

iii) Lulus Sijil Pelajaran Malaysia (SPM) dengan sekurang-kurangnya 5 B dalam Biologi DAN Kimia DAN Fizik DAN Matematik (ATAU Matematik Tambahan) DAN satu subjek lain di peringkat Sijil Persekolahan atau yang setara
IJAZAH PERTAMA DALAM SAINS

Ijazah Pertama dalam Sains CGPA 2.75 dan ke atas

(CGPA 2.75 = Gred C+)

NOTA:

Setiap pelajar perlu mematuhi syarat baru (A) dan syarat tambahan baru (B) (jika ada) seperti di atas sebelum meneruskan pengajian di peringkat ijazah farmasi.

Is that mean a-level no need 5b in spm?

just now I call for pharmacy board 603-7841 3200
the worker tell me that a-level is no need 5Bs in spm and once finish a degree of pharmacy that recognised by Malaysia then sure can register as pharmacist.
But still many forum user pm me and say sure need the 5Bs in spm
Don't know who is the true one?
If anyone know something please reply me or pm me
I am very worry about this issue,please help

Hi, I am a Pharmacist qualifed for some years and looking to get into ownership. I am guessing that someone here knows the answer to my questions:

Can anyone with some experience tell me what the average turnover and NET profit for an owner-operated Pharmacy in KL / Malaysia is these days (ie you are the owner and single pharmacist working)?

Also how much cash does one need to start a Pharmacy from scratch (ie stock + shop-fit)?

Cheers,
Alex

To set up a proper pharmacy in KL, we are looking at RM200k and above. That means your pharmacy is adequately stocked with the right med and products. Profit margin can be as low as 5% due to stiff competition. Be prepared!

To all those who are taking MPharm/BPharm, can you please tell me how your class schedule is like at your uni?
I heard that in Segi, the lectures are from 9 to 5pm from Mon to Fri. Is that true?
I just want to find out because I can't concentrate for long hours and I want to be prepared.
Or is the pharmacy course that intensive in general?

http://www.nst.com.my/nation/general/minis...-scope-1.224323

I don't think this is a good idea

Hi, i am asking on behalf of my sister.

Does Curtin University graduate recognised by MOH pharmacy Malaysia?

My sister got an offer from them. Is Curtin University better than Monash university (malaysia) for pharmacy course?
It should be better since the course is similar to monash aus, right?

She wants to go aus study and looking for uni that can do credit transfer to australia uni. She tried IMU but the entry requirement is too high. Any other options to for credit transfer. Last resort is study fully local monash university.

Hello all ! I am Erwin.  I'm a qualified Pharmacist working in Western Australia.  Graduated from Curtin University in December 2011.  Usually not very active in Education threads but suddenly came across this thread.  Awesome stuff here. 

I would be glad to help/answer any questions regarding Pharmacy in Australia.  But I still love Malaysia, the best place to live =)

@Farmer_C

what is the landscape of community pharmacy currently in the eastern states (including full time position as a pharmacist)? 

warehouse pharmacies are driving independents out of business - affecting the margins. it is happening everywhere but would you say that the competition is worse in the eastern states?

what is the starting pay over in eastern states assuming you managed to secure a full-time position as a pharmacist (newly grad)?

Hello you handsome/beautiful people!

I'm extremely new here but anyway... I graduated from Monash Parkville with my degree in pharmacy 2 years ago. I completed a research honours degree in pharmaceutical science last year and will be doing a PhD this year relating to cardiovascular pharmacology - also with Monash Parkville.

Happy to help answer science/pharmacy related questions (if I can) and also to convince undergraduates contemplating postgraduate research .