Venezuela's Pharmaceutical Federation declares state of emergency
The federation called upon the National Superintendence of Fair Costs and Prices to consider an internal review
"Inexplicably, the State itself is encouraging the destruction of the most sensitive sector in the drugs distribution chain while it allows those sectors in charge of their commercialization to get away with it. They are accountable for the indiscriminate increase in drug prices," a statement reads.
Sundecop is harming the sector although it knows the sector does not rely on an adequate technological framework or the appropriate financial resources.
The federation urged Sundecop to ponder the possibility of an internal review before imposing sanctions on more than half of the independent pharmacies.
Translated by Jhean Cabrera
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.