Colombia SIC Fines Drug Distributor COP 4.6M for 7,001% Price Overcharges

Colombia's Superintendencia de Industria y Comercio (SIC) finalized a fine of COP 4.614 million against a distributor for selling 47 medicines above regulated maximum prices, with markups up to 7,001%. The enforcement signals heightened regulatory scrutiny on pharmaceutical pricing in Colombia, potentially affecting distributor margins and compliance costs.