EXCLUSIVE: Pharmaceutical Wholesalers Speak On ‘Cartel’ Claims

INDIAN Pharmaceutical companies operating in Zimbabwe have refuted claims that there are running a ‘medicine wholesale cartel’ in Zimbabwe colluding in the pricing madness of medicines to quash competition. By Kudakwashe Pembere The response comes hot on the heels of reports that there is a cartel of pharmaceutical wholesalers in Zimbabwe monopolising drugs. Investigations done by this publication show there are several wholesalers responsible for the distribution of medicines in Zimbabwe by the Medicines Control Authority of Zimbabwe. With international manufacturers that directly ship the medicines into the country the number…

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RBZ Mum On Pharmaceutical Industry Forex Allocation

THE Central Bank is not forthcoming in addressing complaints raised by pharmaceutical wholesalers where local banks have been refusing to allocate them foreign currency, HealthTimes has learnt. By Kudakwashe Pembere Since the Reserve Bank of Zimbabwe’s directive putting pharmaceutical companies on high priority allowing them to get foreign currency without hassles at banks, they have been hitting brick walls. This has been a massive blow to the pharmaceutical industry who rely on foreign currency allocations to procure medicines. The industry has been failing to procure medicines as foreign suppliers have…

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