Nicaragua Pharmacy Market Heats UpThe arrival of Honduran chain Kielsa has raised fears over a market takeover and monopolistic practices.Friday, June 28, 2013
"This is a Honduran chain entering the market using the hook of discounts and low prices, supposedly favoring large wholesalers, bankrupting small and medium business, and without any counterbalancing competition, they are the owners of the market," said the president of the United Pharmacy Association of Nicaragua (AFUN), Alberto Lacayo. Source: laprensa.com.ni ¿Busca soluciones de inteligencia comercial para su empresa?Nicaragua: Hondurans Buy Pharmacy ChainDecember 2015 Through its subsidiary Pharmacies Kielsa, the honduran group has acquired Farinter Farmex a drugstore chain in a transaction whose amount was not disclosed. Nicaragua Authorizes Honduran Pharmaceutical ChainDecember 2013 The government claims that the delay in the adoption of the eight outlets claimed by the company is due to red tape and not obstacles to investment. High Price of Medicines in Costa RicaDecember 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%. Pharmacy War Goes to Competition TribunalJune 2012 In Costa Rica, Compañía Farmacéutica S. A. (Cofasa) has filed a suit over monopolistic acts by the Corporation which owns the Fischel pharmacies .
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