Strict legislation of pharmacy retail business reduces competition

  • 2010-04-08
  • By Alina Lisina
RIGA - The pharmacy retail business must be controlled by the government, but not so strictly as it is now in Latvia. This is the average opinion of representatives of the pharmaceutical industry. The reason is simple: the more limitations that apply, the less competition is on the market and the higher prices consumers pay for drugs.The most urgent problem in pharmacy retailing in Latvia are the new amendments to the pharmaceutical law, accepted 10 years ago, stating that from 2011, only the pharmacist can be the owner of a drugstore. The purpose of the law was to increase the qualit...
 
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