Monday, May 17African Business News
Shadow

Tag: hydroxychloroquine

Consumer Commission probes pharmacies for hydroxychloroquine price hike

Consumer Commission probes pharmacies for hydroxychloroquine price hike

Business
The Federal Competition and Consumer Protection Commission (FCCPC), in line with its mandate, has commenced a probe of excessive and unconscionable pricing of potentially vital medication that is perceived or presented as efficacious therapy in addressing COVID-19 by conducting enforcement activities of some pharmacies. According to the Commission, there have been a rash of posts representing Hydroxychloroquine costing between N50,000.00 and N75,000. One of the posts allegedly showed the medicine and a price tag of N50,000 of Ebus Pharmacy in Port-Harcourt. The Commission said it is also aware of the price display of N75,000 allegedly by HealthPlus Limited. “Between 10.00A.M. and 6.00P.M. today, the Commission conducted simultaneous on-site investigations on Ebus, and Avis Pharmac...