The Commission imposed a fine of K2 million fine to MaxiCare Pharmacy for excessively pricing 400ml Romeo hand sanitisers and also made an order to issue a warning to the respondent for failure to furnish the Commission with information as required.
An inspection conducted on 21st March 2020 by the CFTC Secretariat showed that MaxiCare Pharmacy in Lilongwe were charging MK14,500 for 400ml Romeo hand sanitisers whose benchmark price was around MK5,000; representing an estimated margin of 190%. The trader was issued an interim cease and desist order, which required them to provide a written justification for the price which was suspected to be excessive and an infringement of Section 43(1)(g) of the CFTA.
The respondent neither formally responded nor reduced their prices.
MAXICARE PHARMACY FINED K2 MILLION FOR EXCESSIVELY PRICING HAND SANITISERS
Published On - May 26, 2020