Cooperativa de Farmacias Puertorriqueñas ("Coopharma")

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In the Matter of Cooperativa de Farmacias Puertorriqueñas, a corporation
FTC Matter/File Number:

101 0079

C-4374

Enforcement Type:

Part 2 Consents

Case Summary

A Puerto Rican cooperative of pharmacy owners, Cooperativa de Farmacias Puertorriqueñas, known as "Coopharma," agreed to settle Federal Trade Commission charges that it harmed competition by negotiating, entering into, and implementing agreements among its member pharmacies to fix prices on which they contract with insurers and pharmacy benefit managers. In settling the charges, Coopharma has agreed not to engage in such conduct in the future.