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."
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. Just this year new 10 stores have been reported by the chain.
In Costa Rica, Compañía Farmacéutica S. A. (Cofasa) has filed a suit over monopolistic acts by the Corporation which owns the Fischel pharmacies .
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 pharmaceutical group Socofar acquired 50% of the Costa Rican operation Cefa Corporation.
The alliance between the two companies will allow the financing Cefa’s expansion to Central America and the Caribbean. Among the plans is the recovery of the Honduran and Salvadoran market and consolidation of operations in Nicaragua
"Arnaldo Garnier, chairman of the board of Cefa, affirmed that the agreement will also allow the Costa rican company, which is 56 years old and with annual sales exceeding $250 million, to manufacture a private Socofar brand for a line of personal care products and strengthen its drug segment (institutional market), in which Chile is a leader in its country, where it has operated for 40 years and has annual sales of around $1,000 million", notes Elfinancierocr.com
An ex President, high ranking public officers and distinguished businessmen are sentenced for corruption and peculation in Costa Rica.
When justifying the sentence, the judges told of how a group of powerful politicians from a prominent party conformed a criminal gang which developed an entire operation using assets of the State, among them Legislative Assembly and Social Security, to make money with illegal commissions paid by foreign and domestic dishonest businessmen.
The accord allows them to have 140 outlets in total, exchange financial and marketing information and share inventories.
The Fischel brand and its network of pharmacies are owned by CEFA Corporation.
Arnaldo José Garnier, president of CEFA Corporation and Fischel and pharmacies informed Nacion.com: "The main objective of this union is to generate more sales, reduce costs, improve profitability and accelerate the opening of new outlets."
Laboratorios Microsules is a Uruguayan company, which has been in both, the local and international market for twenty years, manufacturing, synthesising, commercialising and distributing medicines for animal health.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (00598) 98165211 - (00598) 99728874