europeanpharmaceuticalreviewMarch 25, 2020
Tag: CMA , COVID-19 , Drug Price
The UK Competition and Markets Authority (CMA) has announced it will set up a COVID-19 taskforce to ensure that retailers behave responsibly in the wake of the coronavirus outbreak.
According to the CMA, the taskforce will:
Andrea Coscelli, the CMA’s Chief Executive, said: "This is obviously a time when we all have to behave responsibly to protect our fellow citizens and particularly those who are most vulnerable. We urge retailers to behave responsibly in the exceptional circumstances of the COVID-19 outbreak. If they do not, our taskforce is monitoring market developments to enable us to intervene as quickly as possible. We have a range of options at our disposal, from warnings to enforcement action to seeking emergency powers. We hope that such action will not be necessary, but we will do whatever is required to stop a small minority of businesses that may seek to exploit the present situation."
The move comes as reports have emerged of pharmacies selling packets of 32 paracetamol tablets for £9.99, an increase from £1.39 the week before, according to The Pharmaceutical Journal. The outlet also highlights that some branches of Jhoots Pharmacy, an independent community chain brand which owns more than 80 pharmacies, have also been discovered to have hiked their prices.
According to BBC News, the Jhoots brand was named as having raised its price of 200ml bottles of Calpol to £19.99. The report relays a company statement, announcing that the "disparities" in some branches had stemmed from "an erroneous communication" and that steps have now been taken to correct the prices.
Register as Visitor to CPhI China 2020!
-----------------------------------------------------------------------
Editor's Note:
En-CPhI.CN is a vertical B2B online trade platform serving the pharmaceutical industry,
for any copyright disputes involved in the articles,
please email: Julia.Zhang@imsinoexpo.com to motify or remove the content.
Contact Us
Tel: (+86) 400 610 1188
WhatsApp/Telegram/Wechat: +86 13621645194
Follow Us: