Around 8.5 lakh chemists are facing livelihood risk due to online pharmacy," said Rajiv Singhal, general secretary, The All-India Organisation of Chemists and Druggists (AIOCD).
More for The health ministry recently rolled out draft rules to regulate online sale of medicines, giving e-pharmacies an approval to operate legally. While online pharmacies are expected to bring down prices of medicines by 15-30% by saving on supply chain costs, they pose a serious threat to the business of traditional brick and mortar stores who are reeling under pressure of trade margin regulation. Under the Drug Price Control Order - which governs prices of medicines in the country - chemists can earn up to 16% margin on medicines.
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