Pharmacy War Goes to Competition Tribunal
In Costa Rica, Compañía Farmacéutica S. A. (Cofasa) has filed a suit over monopolistic acts by the Corporation which owns the Fischel pharmacies .
Wednesday, June 6, 2012
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, "... concentrates in the same company the manufacturing, importation, purchase from national manufacturers, wholesale distribution and retail sale of medicines", reports Nacion.com.
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.
A study by the Universidad de Costa Rica notes that one company controls the distribution of 80% of drugs sold, with price differences of up to 1,000%.
New distributors, more chain pharmacies and new alliances are examples of the dynamism in the sector.
As of April 5 mergers and acquisitions will have to be approved at the Antitrust Commission, part of the Ministry of Economy, Industry and Trade, before they can take place.
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