: Traders body CAIT lends support to chemists association against e-pharmacy entity #IndiaNEWS #Business New Delhi, March 5 (IANS) The Confederation of All India Traders (CAIT) has extended its support

@IndiaNEWS

Posted in: #IndiaNEWS #Business

Traders body CAIT lends support to chemists association against e-pharmacy entity #IndiaNEWS #Business
New Delhi, March 5 (IANS) The Confederation of All India Traders (CAIT) has extended its support to chemists associations of the country, including South Chemists and Distributors Association (SCDA), which have levelled serious allegations on business activities of e-pharmacy Pharmallama.
They have also claimed that it reportedly has received multiple investments from a TV Show Shark Tank India and Sony Entertainment, warning them of legal consequences.
The SCDA in a letter sent to Pharmallama, Shark Tanks, Sony Entertainment and Union health ministry, has said that business activities of Pharmallama are not in accordance with Drug & Cosmetics Act, 1940 and therefore should be stopped immediately.
Pharmallama is an e-pharmacy company engaged in re-packing and delivery of medicines to consumers in pre-sorted sachets having dosage and time of taking the medicines printed on the sachets.
The SCDA in its letter has further said that there is no rule or regulation under which repacking of medicines without original container/packing is allowed, dose wise or otherwise under the Drugs & Cosmetics Act and will amount to the drugs being misbranded, adulterated or spurious.
It has alleged that repacking the medicines is literally endangering the lives of citizens as it can amount to contamination with filth, exposure to insanitary conditions, presence of toxins and harmful substance(s), reduced quality of strength which may render it injurious to health.
CAIT secretary general Praveen Khandelwal while criticising Pharmallama for operating against the Drug and Cosmetics Act, 1940 and Drug and Cosmetics Rules, 1945, said that online pharmacy companies are conducting their business activities in utter violation of the standing provisions of The Drug & Cosmetics Act and Rules and as such there is an emergent need for the Government to take immediate action.
He further said that any investor before making any investment is under an obligation to verify that the company in which it is investing, is obeying relevant Act and rules and failure of which is bound to invite legal action.
The CAIT will wholeheartedly support the SCDA in its bid to stop illegal business of online e-pharmacies. Not only the Pharmallama but TV show Shark Tank India and investors individually and Sony Entertainment are liable to take the responsibility of colluding with e-pharmacy company in conduction acts which are violative of the Act & Rules, the traders body said in a statement.
IANS
ans/dpb

Intraday stocks under 50 NSE India Twitter of India

Vote Up Vote Down

Login to post a comment!