API

OVERALL
Owned	AUS
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Pharmaceutical and toiletry wholesaling and retail

API has four core business operations - pharmaceutical distribution, manufacturing, retail pharmacy brands and hospital and medical distribution. API established as a chemists' co-operative in 1910 and listed on the ASX on 16 June 1997. The API retail pharmacy banner groups are Priceline, Soul Pattinson, and Pharmacist Advice.

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PRAISE	CRITICISM	INFORMATION
Australian Pharmaceutical Industries Ltd
	31/100 SAM Rank This company received a SAM Rank of 31/100 in the Health Care Providers & Services category of the 2018 SAM Corporate Sustainability Assessment. The index is based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices. [Source 2018][More on Sustainability Reporting]	Breaching advertising codes In 2013 and 2012 the Therapeutic Goods Administration's Complaints Resolution Panel upheld complaints about ads by this company on the grounds that they breached advertising codes. The Panel requested this company withdraw the ads and not to use representations in the ads again. [Source 2013][More on Irresponsible Marketing]

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