Pharmacy Expansion Blocked By Ownership Restrictions

Mendoza's Health Ministry has stated that Farmacity's planned acquisition of 23 pharmacies will not be approved by state regulators. The company initially intended to rebrand 17 Mitre and six Del Aguila pharmacy chains in 2008, but faced a series of challenges from the Pharmaceutical Confederation of Argentina (COFA). The COFA and its members, comprised largely of independent operators, alleged the possible merger would monopolise the market, introducing unfair competition to the region's already fragile pharmacy

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