The man behind a new chemist planning to slash prescription drug prices for Irish customers says anyone could follow their lead.

Healthwave has just opened in the Dundrum suburb of Dublin.

The company will price drugs at around the same point as its competitors in Northern Ireland.

They will put less of a mark-up on the cost of drugs, and they will also save money by not stocking cosmetics or beauty products.

Healthwave's Chief Executive Shane O'Sullivan told Newstalk's Pat Kenny Show the business idea is open to everyone: