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
A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.