SupplyChain Magazine October 2016 | Page 56

PHARMACY ONE

Pharmacy One ’ s founder and President , Amjad Aryan , discusses the inherent challenges and subsequent success of Jordan ’ s first chain pharmacy

Pharmacy One holds the significant title of being the first chain retail pharmacy in Jordan , boasting 75 locations over just 15 years . Amjad Ayran , the company ’ s founder and President , grew and nurtured Pharmacy One from nothing and has his early work experience in the sector to thank for the entrepreneurial spirit which spawned his own company .

“ I ’ m a pharmacist by profession ,” Aryan says . “ I worked multiple jobs before starting at pharmacist school in Boston at the late age of 24 , and while studying I worked for CVS . So by the time I graduated , I had five years of pharmaceutical experience . I decided that if I couldn ’ t build a new CVS of the US , why not build the CVS of the Middle East ? It made sense to become a big fish in a small market .”
Building a business Aryan started his business with just $ 200,000 and a vision to open 10 pharmacies . In 2001 , he took this concept to Jordan and built what he calls the “ pilot branch ”.
“ I wanted to make sure the consumers understood and appreciated the big drug store concept ,” he explains . “ This is a pharmacy where you can browse the shopping court as well as picking up prescriptions , and I wanted
56 October 2016