Pharmaceutical Closes Operations in Costa Rica

Technofarma, distributor of pharmaceutical products, announced the permanent closure of operations.

Tuesday, March 8, 2011

The closing comes after spending 16 years in Costa Rica and was caused by contractual problems with its biggest customer, GlaxoSmithKline (GSK). This company accounted for almost 60% of its sales.

"Alejandro Esquivel Gerli, General Manager of the company, said the break came after Technofarma requested in December additional time to cancel a $ 362,000 order," according to the article in

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GSK Research Center in Panama

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