Pharmaservice
Pharmaservice is a privately-held Greek pharmaceutical wholesaler founded in 1971 that distributes medications, OTC products, and parapharmaceuticals exclusively to more than 1,500 pharmacies across Greece via its owned delivery fleet and B2B portal.
- Company typePrivate
- Founded1971
- HeadquartersAthens, Greece
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Pharmaservice does
Pharmaservice (ΦΑΡΜΑΣΕΡΒΙΣ Α.Ε.) is a privately-held Greek pharmaceutical wholesaler founded in 1971 and headquartered in Athens. The company operates exclusively as a B2B distributor, supplying prescription pharmaceuticals, OTC products, cosmetics, medical devices, infant formula, vitamins, diagnostics, and orthopedic/ophthalmic products to more than 1,500 pharmacy points of sale across Greece on a daily basis. Distribution is executed through an owned fleet of more than 60 vehicles, complemented by telephone ordering and a 24/7 B2B e-commerce portal (b2b.pharmaservice.gr).
The company's product portfolio is anchored on two pillars: (1) a broad wholesale catalog covering the full Greek positive/negative drug lists, generics, and parapharmaceuticals, and (2) a portfolio of exclusive distribution brands including CUBE Pharmaceuticals (Ν. ΚΑΛΟΦΩΛΙΑΣ & ΣΙΑ Ο.Ε.), BioGaia, LACTEEZE, CAPRICARE, IOVIR, GMATE, and an own-label line of medical consumables (alcohol solutions, sterilized gauze, urine collectors, latex gloves). Pharmaservice also operates a proprietary FarmakoNet pharmacy management software program, supported in partnership with CSA, which provides order management, inventory, and pricing tools to Greek pharmacies.
The business model is transaction-based wholesale distribution with no publicly disclosed pricing. Revenue is generated through (a) wholesale pharmaceutical and OTC product sales to registered pharmacy business accounts, (b) exclusive distribution agreements with pharmaceutical manufacturers, and (c) ancillary pharmacy software support services through FarmakoNet. The company is structured as a Greek Anonymous Company (Α.Ε.), is privately held with no institutional investors or parent company identified, and holds ISO 9001:2015 and GDP (Good Distribution Practices) certifications. It was ranked 1st among pharmaceutical warehouses in Greece by ICAP and 2nd in Fortune Greece's 30 fastest-growing companies in 2016/2017.
Pharmaservice firmographics
Firmographics- Name
- Pharmaservice
- Legal name
- ΦΑΡΜΑΣΕΡΒΙΣ ΑΝΩΝΥΜΗ ΦΑΡΜΑΚΕΥΤΙΚΗ ΕΤΑΙΡΕΙΑ
- Website
- https://pharmaservice.gr
- Company type
- Private
- Founded year
- 1971
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Pharmaservice is a privately-held Greek pharmaceutical wholesaler founded in 1971 that distributes medications, OTC products, and parapharmaceuticals exclusively to more than 1,500 pharmacies across Greece via its owned delivery fleet and B2B portal.
- Ownership category
- akta.pro rank
Pharmaservice industry classification
Industry- Product category
- Pharmaceutical Wholesale Distribution
- NAICS
- Drugs and Druggists' Sundries Merchant Wholesalers (424210)
- SIC
- Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122)
- akta.pro primary industry
- Full-Line Pharmaceutical Wholesalers (HLAIAJAA)
- akta.pro secondary industries
- Retail Pharmacy Supply Wholesalers (HLAIAJAE), Prescription Pharmaceutical (Rx) Wholesale Distribution (CRAOAHAA)
Keywords
Where Pharmaservice is headquartered
LocationHeadquarters
- HQ city
- Athens
- HQ country
- Greece
- HQ region
- Europe
Offices1 record
Markets served
Pharmaservice business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&, D
Revenue model
- Wholesale Pharmaceutical Distribution: Pharmaservice operates as a full-range pharmaceutical wholesaler generating revenue through the sale of pharmaceuticals, OTC products, cosmetics, medical devices, and related products to pharmacies on a wholesale basis. The company sells exclusively to businesses (pharmacies) in wholesale quantities.
- Exclusive Distribution Products: Revenue from exclusive distribution agreements with pharmaceutical companies such as CUBE Pharmaceuticals, BioGaia, LACTEEZE, CAPRICARE, and IOVIR, where Pharmaservice has exclusive rights to distribute certain products to pharmacies.
- Pharmacy Software Support Services: Computer support services for pharmacies through the FarmakoNet program, provided in cooperation with CSA, offering technical support and assistance for pharmacy management systems.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Wholesale pricing for registered pharmacy businesses |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Pharmaservice product offering
Product offeringCore offering
Pharmaservice is a full-range pharmaceutical wholesaler that trades, distributes, stores, and promotes pharmaceuticals, OTC products, cosmetics, and medical devices exclusively to pharmacies throughout Greece. The company combines daily direct delivery via an owned fleet of 60+ vehicles serving 1,500+ pharmacy points of sale with a B2B online ordering platform and FarmakoNet pharmacy management software support.
Product overview
Pharmaservice is a full-range pharmaceutical wholesaler founded in 1971, operating as a B2B-only distributor of medications and parapharmaceutical products exclusively to pharmacies throughout Greece. Its product portfolio centers on two pillars: a broad wholesale catalog covering all medications on the Greek positive and negative lists, generics, hospital supplies, consumables, infant formulas, cosmetics, vitamins, diagnostics, and orthopedic/ophthalmic products; and a set of exclusive-distribution brands including BioGaia, LACTEEZE, CAPRICARE, IOVIR, GMATE, CUBE Pharmaceuticals, and medical supplies (alcohol solutions, sterilized gauze, urine collectors, latex gloves). Pharmaservice serves its customers through two main digital channels: the B2B Portal (b2b.pharmaservice.gr) for online wholesale ordering 24/7, and the FarmakoNet pharmacy management software, supported in partnership with CSA, which provides computerized support for pharmacy operations including order management, inventory, and pricing.
Differentiator
Problem solved
Functional benefit
Brands
- Farmakon: Pharmacy software support department of PHARMASERVICE in cooperation with CSA covering all FarmakoNet services
- FarmakoNet
- Pharmaservice B2B
Products and services
- B2B Portal (b2b.pharmaservice.gr) Proprietary B2B e-commerce platform enabling registered Greek pharmacies to place wholesale orders online 24/7, view product catalog, pricing, and exclusive offers, and manage business accounts.
- FarmakoNet Pharmacy Management Software Pharmacy management software system supported by Pharmaservice in partnership with CSA, providing computerized pharmacy operations support including order management, inventory, and pricing tools for Greek pharmacies, with telephonic and Saturday support.
- Pharmaceutical Wholesale Distribution Full-range wholesale distribution of prescription medicines (Greek positive and negative lists), generics, OTC products, cosmetics, medical devices, hospital supplies, consumables, infant formulas, vitamins, diagnostics, and orthopedic/ophthalmic products, delivered daily to pharmacies across Greece.
- CUBE Pharmaceuticals Exclusive Distribution Full exclusive distribution rights for the CUBE Pharmaceuticals product catalog (N. KALOFOLIAS & SIA O.E.) to Greek pharmacies.
- BioGaia Probiotic Supplements Probiotic supplement brand distributed exclusively through Pharmaservice's network to Greek pharmacies, supporting digestive and gut health.
- LACTEEZE Lactose Enzyme Supplements Lactose-free enzyme supplement tablets for lactose intolerance management, distributed exclusively by Pharmaservice to Greek pharmacies.
- CAPRICARE Goat-Milk Infant Formula Specialized infant goat-milk formula distributed exclusively through Pharmaservice to Greek pharmacies.
- IOVIR Throat Spray Throat spray product distributed exclusively by Pharmaservice to Greek pharmacies.
- GMATE Diabetes Management Products Diabetes management and blood glucose monitoring products distributed exclusively by Pharmaservice to Greek pharmacies.
Quantifiable outcome
- Serving 1,500+ pharmacy points daily across Greece
- +1 more outcomes
Companies that use Pharmaservice
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles1 record
Pharmaservice technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Pharmaservice partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- CUBE Pharmaceuticals (Ν. ΚΑΛΟΦΩΛΙΑΣ & ΣΙΑ Ο.Ε)corePharmaservice has exclusive distribution rights for CUBE Pharmaceutical products since June 1, 2018. This is an exclusive distribution partnership covering all CUBE pharmaceutical products.
- CSAcoreCSA provides technical support and collaboration for Pharmaservice's FarmakoNet pharmacy computer support program. Pharmaservice created a dedicated department for FarmakoNet pharmacy program support with the consent and technical support of CSA.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Pharmaservice competitors and assessment
Company assessmentBroad incumbents
- Stada Arzneimittel AG: European pharmaceutical company focused on generics, specialty pharmaceuticals, and consumer health with broad distribution partnerships across European pharmacies. Adjacent in that it both produces and distributes pharmaceuticals through European pharmacy channels like Pharmaservice.
- McKesson Corporation: Global pharmaceutical distributor and healthcare services company providing wholesale, specialty distribution, and pharmacy services. Comparable core offering to Pharmaservice's wholesale distribution but operating at vastly larger global scale.
- Cencora: Global pharmaceutical solutions company (formerly AmerisourceBergen) providing drug distribution, specialty distribution, and consulting to pharmacies and healthcare providers. Directly comparable wholesale pharma distribution function to Pharmaservice, at much larger global scale.
- Cardinal Health: U.S.-based pharmaceutical distributor with a similar wholesale business model of supplying retail pharmacies and healthcare providers. Comparable function in pharmaceutical supply chain but with a broader product portfolio and different geographic footprint.
- Sinopharm Group: China's largest pharmaceutical distributor operating wholesale distribution of pharmaceuticals and medical devices to pharmacies, hospitals, and clinics. Comparable wholesale pharmaceutical distribution function to Pharmaservice but in a different geography and at much greater scale.
Direct peers
- Alliance Healthcare: Walgreens Boots Alliance-owned pharmaceutical wholesaler serving pharmacies across Europe with daily delivery and value-added services. Directly comparable business model to Pharmaservice's pharmacy-focused B2B distribution with embedded services.
- Phoenix Group: Europe's leading pharmaceutical wholesaler operating across more than 25 countries with a similar full-line distribution model to Pharmaservice, though at substantially greater scale. Both companies combine wholesale distribution with adjacent services to retail pharmacies.
Regional players
- Medochemie: Cyprus-headquartered pharmaceutical manufacturer with broad product distribution across Europe, Asia, and the Middle East. Regionally proximate to Pharmaservice's Greek market with overlapping pharmaceutical distribution activities, particularly in generic medicines.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Pharmaservice social profiles
Digital presencePharmaservice compliance and trust
Trust signalCompliance2 records
Pharmaservice financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pharmaservice leadership team
Management profileNumber of profiles
Pharmaservice funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pharmaservice M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pharmaservice
What does Pharmaservice do?
Pharmaservice is a full-range pharmaceutical wholesaler that trades, distributes, stores, and promotes pharmaceuticals, OTC products, cosmetics, and medical devices exclusively to pharmacies throughout Greece. The company combines daily direct delivery via an owned fleet of 60+ vehicles serving 1,500+ pharmacy points of sale with a B2B online ordering platform and FarmakoNet pharmacy management software support.
Is Pharmaservice a public or private company?
Pharmaservice is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Pharmaservice founded?
Pharmaservice was founded in 1971. It employs 101 to 250 people.
Where is Pharmaservice based?
Pharmaservice is headquartered in Athens, Greece, in the Europe region.
How does Pharmaservice make money?
Three revenue lines are on record. Wholesale Pharmaceutical Distribution is the primary driver. The others are exclusive Distribution Products and pharmacy Software Support Services.
Who are Pharmaservice's main competitors?
Broad incumbents on record are Stada Arzneimittel AG, McKesson Corporation, Cencora, Cardinal Health and Sinopharm Group. Direct peers are Alliance Healthcare and Phoenix Group. Medochemie is listed as a regional player.
Does Pharmaservice have an API?
No public API is recorded for Pharmaservice.
What industry is Pharmaservice in?
Pharmaservice's product category is Pharmaceutical Wholesale Distribution. Its primary akta.pro industry code is HLAIAJAA, Full-Line Pharmaceutical Wholesalers, with a secondary code of HLAIAJAE, Retail Pharmacy Supply Wholesalers. Its NAICS code is 424210 and its SIC code is 5122.