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Authorities launch inquiry into excessive profits by pharmacies
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Authorities launch inquiry into excessive profits by pharmacies

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2 years ago

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Authorities launch inquiry into excessive profits by pharmacies

The retail price of certain medicines in pharmacies is currently subject to a major investigation of the Ministry of Commerce.

According to media reports, several pharmacies are allegedly flouting the maximum 35% profit margin set by authorities.

The Ministry of Commerce has noted profit margins between 300% and 600%, particularly on anti-COVID-19 drugs and those for hypertension and diabetes.

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