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Sigma settles supply agreement with My Chemist/Chemist Warehouse

My Chemist/Chemist Warehouse Group will not procure products from another contract sales organization for the remainder of their supply agreement with Sigma Pharmaceuticals Ltd.

The parties reached a settlement, prompting Sigma to confirm its current year earnings before interest and tax guidance of $90 million.

"Importantly, both parties are committed to a more constructive approach to discussions for a new agreement, with discussions expected to advance over the 2018 calendar year," Sigma CEO Mark Hooper said in a statement.