The ACCC is seeking information from suppliers regarding the current pricing and costs of antigen tests. Credit: Alexandra_Koch / Pixabay.

The Australian Competition and Consumer Commission (ACCC) has announced a review of Covid-19 rapid antigen test prices and is contacting suppliers to check price levels in the market.

Major retailers and pharmacies are being contacted for the same information.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The information received from retailers, suppliers and the public will be analysed by the ACCC to determine any possible misconduct.

The ACCC is seeking information regarding the current pricing, as well as costs, of rapid antigen tests for Covid-19.

It is also investigating the amounts on order, current stock levels and expectations of when additional tests will be available to consumers.

Additionally, it will examine claims that the existing pricing levels of antigen tests are due to challenges in securing them.

ACCC chair Rod Sims said: “We’ve also had over 100 consumer contacts to our Infocentre or through the online form. We will review the information received and investigate the evidence to determine if there is conduct that raises concerns.

“The ACCC is monitoring the situation and will take appropriate action under its existing powers. The ACCC has not sought, and does not need, more powers to deal with the current situation.”

The regulator further added that businesses should not collude on the pricing of tests or make any false claims to consumers about higher prices.

Last August, the Australian Therapeutic Goods Administration (TGA) approved SpeeDx’s PlexPCR SARS-CoV-2 test.

With scalable 96-well or 384-well capacity, the single-well, two-gene test targets two conserved regions, RdRp and ORF1ab, of the SARS-CoV-2 genome.