Pharmacy owners in Bahrain have decided to continue to sell medicines at old prices until they reach an agreement with the National Health Regulatory Authority, said a report.

At a press Conference attended by about 50 pharmacy owners last night, Pharmacies Owners and Importers Society said they cannot implement the authority's decision to slash prices from today (January 19), said the report in the Gulf Daily News (GDN), our sister publication.

Society members decided to send an urgent letter to the authority requesting more time to modify the prices and sell the existing stock, or else they would be forced to close.

Under the new pricing policy announced by the regulatory authority, profit margin was to be cut by 35 per cent for drugs costing more than BD20 ($52.7). - TradeArabia News Service