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Pharex' parent firm Pascuallab is a pharmaceutical company founded in 1946 or after World War II by husband and wife team Isoceles and Leonora Pascual. At present, the company is headed by Dr. Abraham Pascual. Unilab, meanwhile, set up RiteMed in 2002, to market and distribute generic medicines.
RiteMed was introduced in 2002 as a unibranded generic. The use of the RiteMed brand was a way of assuring doctors and consumers that there is a name they can trust behind these medicines while avoiding expenses associated with building a brand for every single product.
Allergy Care. Body & Muscle Pain. Cough & Colds. Children's Health. Gut and Stomach Care. Headache, Fever & Flu. Healthy Aging. Prescription Drugs.
In an industry dominated mainly by Western multinationals which today account for 70 percent of the Philippine market Unilab became the biggest pharmaceutical manufacturer and the only Filipino-owned firm landing consistently among the industry's Top Ten.
Unilab, a clinical-laboratory concern based in Tarzana, Calif., saw its shares finish in 4 p.m. Nasdaq Stock Market trading at $23, compared with its $16 offering price.Until a 1999 buyout by private-equity firm Kelso & Co., Unilab shares traded on the American Stock Exchange for more than a decade.
Allergy Care. Body & Muscle Pain. Cough & Colds. Children's Health. Gut and Stomach Care. Headache, Fever & Flu. Healthy Aging. Prescription Drugs.
Unilab, meanwhile, set up RiteMed in 2002, to market and distribute generic medicines.Unilab, the oldest pharmaceutical company in the Philippines established in 1945, is now the top in the industry with a 20 to 25 percent market share.