Millionaire Fine to Pharmacy Chain

Seven years after Cofasa filed a monopoly complaint against Fischel, in Costa Rica the Commission for the Promotion of Competition decided to impose a fine of almost $19 million on the pharmacy chain.

Tuesday, February 26, 2019

Representatives of the Commission for the Promotion of Competition (Coprocom), informed that the fine imposed on Fischel is provisional, since the resolution is in the appeals phase, so it is not final and cannot be released figures or other aspects of the ruling.

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According to Nacion.com, Cofasa reported in a statement that "... Coprocom considered that the Cefa Fischel group abused its dominant position by performing monopolistic practices in the drug market, harming independent pharmacies and national distributors. In addition, the Cefa Fischel group must behave with respect to free competition and report on it every six months to the Coprocom for such actions."

On the other hand, Cuestamoras Salud, owner of Cefa Central Farmacéutica and the formats Fischel and La Bomba, said in a press release that they will use all legal resources at their disposal to achieve an annulment of the million-dollar fine imposed.

The article adds that the business group Cuestamoras "... rejects 'absolutely and categorically' the resolution. They described it as arbitrary and devoid of any legal basis. Miguel Martí, spokesman for the companies, declared that 'the process was plagued with vices and we were able to demonstrate that Cefa and Fischel always acted in accordance with the law'."

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