India’s drug stores plan protest against online pharmacy
Reuters- As many as 850,000 small chemist shops in India will shut for a day next week to protest against a burgeoning online pharmacy industry that is attracting big money backers.
The one-day nationwide strike on Oct. 14, called by the All India Organization of Chemists and Druggists (AIOCD) comes as a government panel started working on regulations for the sector.
Healthcare provider Apollo Hospitals Enterprise Ltd plans to start online drug sales in India, while Zigy, and Sequoia Capital-backed 1mg already have e-pharmacies to tap a retail market IMS Health says is worth about $13 billion.
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