Mercury Drug

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Mercury Drug
Private
Traded as Mercury Drug
Industry Retail
Founded 1945 (1945) in Bambang Street, Sta. Cruz, Manila, Philippines
Founder Mariano Que
Headquarters Bagumbayan, Quezon City, Philippines
Number of locations
900
Area served
Philippines
Key people
Vivian Que-Ascona (President)
Products Drug and other Pharmaceutical products.
Revenue PHP 42.98 billion (2003)[1]
Number of employees
11,000
Parent Mercury Group of Companies, Inc.
Website www.mercurydrug.com

Mercury Drug is a pharmacy chain in the Philippines.

History[edit]

A blister pack sold by the piece (tingí-tingì).

The company began in March 1, 1945 with a single drugstore owned by Mariano Que. He named it after Mercury, the messenger of the gods in Roman mythology, whose caduceus is sometimes used as a symbol of medicine. The store began cutting packaged, bulk items into single pieces and selling them individually; this practice is colloquially called tingí-tingì in Filipino.

Upon the invitation of Ayala Corporation, Mercury Drug opened its second branch in May 1963 at a developing commercial center in Makati now known as the Ayala Center.

In 1965, Mercury Drug established its landmark branch by Plaza Miranda, Quiapo, Manila, which is notable for its large outdoor LED screen.[2]

In 2001, then Trade secretary Mar Roxas described Mercury drug as a "near monopoly" and said it has 70 percent share of the domestic market.[3]

Mercury Drug opened a new building, MDC100, in Eastwood City, Quezon City.

References[edit]

External links[edit]