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.
In a timeframe of three years GlaxoSmithKline will be moving its manufacturing operation in Costa Rica to other plants in Latin America.
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.
The ESKE Group has announced te opening of a distribution hub in Panama City to redistribute its generic lines imported from India and Europe and those manufactured in Peru.
British drugmaker GlaxoSmithKline has moved its Latin American clinical research and medical affairs center from Brazil to the Ciudad del Saber, Panama.
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