Pharmacists say their economic situation has become so unsustainable that most businesses cannot cover their fixed costs, according to a study published on Thursday.
Over 1,100 main street pharmacies currently have their supplies suspended as their economic situation has become so unsustainable that most of them cannot cover their fixed costs, reveals a study published on Thursday.
The research was conducted by Pedro Pita Barros of the Nova School of Business and Economics (Nova SBE).
The study says the 1,131 pharmacists who have had their supplies cut represents a 30% increase over a three-month period.
The decrease in pharmacies’ margins that came into force on 1 January this year “is having a major negative impact on the businesses’ economic situation” the reports says.
In 2005, the Competition Authority said chemists could support a 5% reduction in prices but the real reduction since then has been “much higher, around 20%” the report concludes.