Winners and Losers in Drug Store Wars

Corporation Cefa-Fischel is gaining more and more of the market share in Costa Rica, with tactics that are being denounced as anti-competitive business practices.

Monday, July 2, 2012

An article by César Quirós Brenes in Elfinancierocr.com reports on up to what point Cefa-Fischel Corporation has reached in the drug retail sector in Costa Rica: "Of the 950 active pharmacies as of 15 June, 67 (7% of total) are Fischel stores. Just this year new 10 stores have been reported by the chain.

Nacion.com announced last month that "Compañía Farmacéutica S. A. (Cofasa), denounced CEFA Corporation - owner of Fischel pharmacies - for alleged monopolistic acts."

Cefa-Fischel explains that "rebates and discounts on their products have always figured in their strategy."

According to the media monitoring company Media Guru, in 2011 Cefa-Fischel Corporation increased its ad spending by 485.5%, and Brenes Quiros indicates that "that is not all. The corporation is selling products on their premises up to 30% cheaper, including the discount, than in the competing pharmacies it supplies. "

More on this topic

Growing Pharmaceutical Market in Costa Rica

July 2015

In the last five years 63 new pharmacies and retail outlets began operating, reaching a turnover of $402 million in 2014, 70% more than in 2009.

In a market where large chain pharmacies are operating, sales have been growing steadily in recent years, reaching a turnover in 2014, of $402 million, according to data from Euromonitor.

Costa Rica: Competition Intensifies in Pharmaceutical Sector

September 2010

Walmart and CEFA trigger increased competition among drugstore chains by seeking to gain market share.

Corporación CEFA, owner of Fischel, Catedral and Farmatica, has announced that it is to open more stores in the rest of the year with one for Escazu in November and another for Limón in December.

Pharmaceutical Company Changes Hands in Costa Rica

June 2015

The Cuestamoras group has announced the purchase of a majority in the Cefa-Fischel corporation, which operates a chain of pharmacies present in Costa Rica and Nicaragua, in addition to laboratories and other drug distributors.

The purchase request was filed with the Commission to Promote Competition by Cuestamoras on May 8, and is subject to approval.

Pharmacy War Goes to Competition Tribunal

June 2012

In Costa Rica, Compañía Farmacéutica S. A. (Cofasa) has filed a suit over monopolistic acts by the Corporation which owns the Fischel pharmacies .

Cofasa's lawyer, in a complaint before the National Competition Commission at the Ministry of Economy, said that the CEFA Corporation, which owns the pharmacy chain Fischel, "...

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