Pharma Association Warns Pharmallama, Shark Tank Investors Of Legal Action For Flouting Norms

Pharma Association Warns Pharmallama, Shark Tank Investors Of Legal Action For Flouting Norms

SUMMARY

Pharmallama is repacking drugs without obtaining any licence from the government, the South Chemists and Distributors Association said

Pharmallama bagged an investment of INR 2 Cr for 5% equity from all five investors on Shark Tank India

Ecommerce major Flipkart is reportedly in advanced stage of talks to acquihire the Bengaluru-based online pharmacy

Days after epharmacy Pharmallama received funding from multiple investors on TV show Shark Tank India, an association of pharmaceutical distributors has warned the startup and all investors of legal consequences.

In a letter addressed to the founders of the startup and the Health Ministry, Delhi-based South Chemists and Distributors Association (SCDA) alleged that Pharmallama’s operations are illegal and should be immediately shut down in public interest.

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