THE Namibian Competition Commission (NaCC) announced yesterday that it had launched an investigation into price fixing against the Pharmaceutical Society of Namibia (PSN) and over 200 registered pharmacies countrywide.
A statement from the commission said the investigation is based on allegations that the PSN, a voluntary association of pharmacies, has a rule that requires pharmacies to impose a uniform 50% mark-up on the dispensing of medicines. Mark-ups refer to the margins or profits that pharmacies add to the costs of acquiring drugs.
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