Competition Office launches probe of COVID rapid tests
Image by Shutterstock.com
Hungary's Competition Office (GVH) on Friday announced a probe of the local market for COVID antigen rapid diagnostic tests on suspicion of distortion, according to a report by state news wire MTI.
GVH said market feedback suggests advertising for such tests "may exaggerate performance as defined by the manufacturer", distorting the market.
The competition office has an initial deadline of one month to complete the probe and present a report.
Hungary's government recently started allowing retailers that aren't licensed pharmacies to sell COVID rapid tests. The measure was taken on a GVH recommendation to boost competition in the market segment.
Watchdog Fines OTP Bank for Regulatory Shortfalls
Gov't Launches HUF 150 bln Job Placement Scheme for Over-30s
Biggeorge Adds 2 New Directors to Top Management
Tastin' France 2024 Wine Event Coming in June
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
