Chemists Skim Profits
Monday, May 4, 2009 12:14
Stocks of hundreds of medicines are running low in the UK, as pharmacies export supplies in order to profit from the weakness of the pound.
Evidence has emerged that pharmacists are over-ordering drugs, a practice known as skimming, with a view to selling the stock overseas and profiting from higher prices in foreign currencies. The Times has learnt that drug wholesalers have restricted the supply of 370 medicines to pharmacies believed to be engaged in skimming.
The wholesalers fear that the exports, which have led to temporary shortages, could potentially keep some patients from receiving the medicines they need in time and result in death. Orders for the medicines most at risk of running out are being monitored by manufacturers and wholesalers, amid a significant rise in skimming in recent months. The wholesalers are denying orders they consider suspicious.
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