The expansion of pharmacy chains over the last few months has seen them achieve 70% of pharmaceutical sales in Peru, estimated at $350m. Inkafarma and Fasa have both expanded rapidly, while Arcangel has associated with Albis; Boticas y Salud associated with Deco and manage 100 pharmacies and Ivax merged with BTL and have 40 branches. Pharmacy chains allow a vertical integration with distributors or laboratories, thus better conditions to negotiate prices. Inkafarma, is to end 2004 with sales of $80m, following expansion and the introduction of credit cards to low income consumers.

NamNews - Wednesday 25th August 2004

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