The economist who led a Health Department review into the pharmacy sector almost a decade ago says the industry is ripe for an “Uber” moment and antiquated laws protecting ownership are preventing true market competition.
Stephen King, who has also chaired a mergers review committee for the competition regulator, said strict restrictions on pharmacy ownership should be abolished because “the longer they’re in place, the more damage they will do”.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
