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Article: Pharmacies switch to homeopathic cure for anemic margins.
- Article from:
- Crain's New York Business
- Article date:
- September 15, 1997
- Author:
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With alternative medicines, smaller drugstores soften managed care bite
Ian Ginsburg thinks be may have found a novel therapy for the narrowing margins at his Greenwich Village apothecary, C.O. Bigelow Chemists: homeopathic remedies.
For the last 10 years, Mr. Ginsburg has been nurturing a line of homeopathic remedies, treatments that operate on the premise that like cures like - a dash of ragweed in an allergy potion, for example. Today, Mr. Ginsburg calls his store the largest single-dose homeopathy source in town and counts on these remedies for up to 15% of his volume.
"We no longer make any money on prescription drugs," Mr. Ginsburg laments about ...