A Causeway Bay drugstore has been expelled from an industry body for overpricing.
The Hong Kong General Chamber of Pharmacy said Prestige Pharmacy engaged in “immoral” pricing practices, according to public broadcaster RTHK.
The company made headlines recently after reports it overcharged unsuspecting tourists.
In one instance, it sold a bottle of Singaporean medicine oil worth HK$200 (US$25.79) for HK$19,800.
In another, it charged HK$5,800 for a bottle of cod liver oil, 100 times what it was worth.
Lau Oi-kwok, chairman of the business chamber, said Prestige Pharmacy’s immoral sales strategy has damaged the reputation of the industry.
The chamber had no choice but to cancel the company’s membership, he said.
Lau said admission requirements will be tightened and suspected misconduct throughly investigated.
Also, the chamber will investigate any customer complaint regarding suspected fake pharmaceutical products.
Lawmaker Vincent Fang, who represents the wholesale and retail functional constituency, said credibility is more important than sales.
He urged more frequent visits by police and customs officers to pharmacies to deter wrongdoing.
Prestige Pharmacy has been closed since last week, according Apple Daily.
Drugstore charges tourist 100 times for HK$58 cod liver oil (Jul 23, 2015)
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