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CCNTV6
  • 7 weeks ago
A number of small retail pharmacies are currently banding together, forming an alliance against certain local 'big pharma' companies. The Private Pharmacy Retail Business Association is also urging small distributors to get onboard, to ensure they survive in the industry. Rynessa Cutting has more.
Transcript
00:00Small retail pharmacies are forming what they believe will be a formidable alliance
00:06against what they say is the monopoly of local big pharmacies.
00:11With the bulk buying group that we currently have of 40 members,
00:15each one of us has been buying deals individually and sharing it amongst all our members.
00:22This company is going to be set up within the next three months, hopefully for January,
00:26where you will have the name of the company, Alliance Group of Pharmacies.
00:34So you have 10 Superfarm, you have 10 M-Farm, you have 10 Pennywise.
00:39We're going to have 40 X-Farm Group of Alliance Pharmacies.
00:46The president of the Private Pharmacy Retail Business Association, Glenway & Suchet,
00:51says small retail pharmacies have been suffering many hardships due to unfair trading practices.
00:58We have noticed that many of the smaller distributors have been losing lines to the major distributors.
01:07And with every change in ownership, we are seeing significant price increases.
01:13And these price increases now making it extremely difficult for retailers to buy and for consumers to purchase.
01:19So it's basically forcing a drop in your sales.
01:22The Alliance has thus far been successful in registering and importing 10 pharmaceutical products and are working on 10 more.
01:30If we get a 10% discount, 2% will remain with the company, which is the cover operating costs.
01:37We're housing, three or four staff deliveries.
01:40If we get 20% discount, 7%, 5% will remain with the company.
01:46You all will get 15%.
01:47If we get a 20% as we have been getting, 7%, 8% will remain with the company to cover expenses.
01:54So you all will be getting 10% to 25% discount on some of your fast-selling items in any quantity that you want.
02:03The association recently met with the Minister of Trade, and it says the feedback has been very encouraging.
02:10Mr. Kamar Maraj has agreed that he is not putting no board on the Fair Trade Commission for a while.
02:17He told us he is the board.
02:20He is handling everything right now.
02:22So every single thing that we said we want done, he is 100% on board to bring in new legislation to the Fair Trade Commission.
02:32We have already presented everything to him.
02:34So it's just a matter of time now.
02:37Renasa Cutting, TV6 News.
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