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
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.