Namibia: 200 Pharmacies Under Probe for Price Fixing

26 September 2018

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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