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.

The representative argued that this situation could affect the ability of his client, Cofasa, to stay or not stay in the market, as well as other independent pharmacies ".... because they buy from CEFA these products at prices above what the firm sells in their own pharmacies" says the release.

Meanwhile CEFA has not agreed to give any statements as it has not yet been notified by the Commission, but referred to the seriousness of the company and stated that they act within the laws of Costa Rica.

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More on this topic

Winners and Losers in Drug Store Wars

July 2012

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.

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.

High Price of Medicines in Costa Rica

December 2012

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%.

An article in Nacion.com reports that there is "little or no competition in the private sector of medicine, product of an industry that is "highly concentrated", causing Costa Rica to have higher drug prices compared to other Central American countries."

The Pharmaceutical Market Shake Up in Costa Rica

May 2013

New distributors, more chain pharmacies and new alliances are examples of the dynamism in the sector.  

One example is the newly founded company KPO Alpha, dedicated to distribution, which has found an interesting market opportunity: independent pharmacies, a business where the partners Leonardo and Maria Acuna, together with their team cater to around 260 shops.

Mergers and Acquisitions in Costa Rica

April 2013

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.

From that date, the Antitrust Commission, at the Ministry of Economy, Industry and Commerce (MEIC), will have the power to approve or deny deals, if it is concluded that they would result in undue concentration of business.

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