VENEZUELA PHARMA SECTOR STRUCK BY GOVERNMENT DEBTS AND HARD CURRENCY CONTROLS
August 1st, 2013
VENEZUELA'S economic turmoil is plaguing its pharmaceutical sector leaving its medicine manufacturers struggling to meet market demand. Strict price controls and a shortage of foreign currency are contributing to vacant store shelves in pharmacies across the country. Manufacturers are dependent on imported inputs and lack the hard currency to pay for them."It's become increasingly difficult to complete our social duty," said Ángel Márquez, executive vice president of the Venezuelan Chamber of the Pharmaceutical Industry (CIFAR), which largely represents ...
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