Medlab Clinical has sold AUS Nutraceuticals, the Australian-only part of its nutraceutical business, to health and wellness company PharmaCare for an initial A$1.6 million.

The company said high distribution costs in the nutraceutical space require the critical mass and pharmacy infrastructure which PharmaCare can provide.

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Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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