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.
Walmart and CEFA trigger increased competition among drugstore chains by seeking to gain market share.
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.
In Costa Rica, Compañía Farmacéutica S. A. (Cofasa) has filed a suit over monopolistic acts by the Corporation which owns the Fischel pharmacies .
New distributors, more chain pharmacies and new alliances are examples of the dynamism in the sector.
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