Pharmacies face untimely price disclosure hit

Tassone voices concern about missed stock management opportunity

The coronavirus will deliver an untimely financial hit on beleaguered pharmacies when the crisis overlaps with the April price disclosure cycle, according to Pharmacy Guild Victoria president Anthony Tassone.

Pharmacy shelves

He says the Guild has made representations to the Federal Government and the Minister for Health to seek a delay in the implementation of the April price reductions.

Typically, pharmacies closely monitor their stock holdings to minimise their exposure to price reductions. But this was not a realistic