Pharmaservice

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.

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

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

• Pharmaceutical wholesale
• Drug distribution services
• Pharmacy supply chain
• Medical device distribution
• Pharmaceutical logistics

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&amp, D

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core 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

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• CUBE Pharmaceuticals (Ν. ΚΑΛΟΦΩΛΙΑΣ & ΣΙΑ Ο.Ε)coreChannel Partner/ Reseller/ Distributor · 1 June 2018Pharmaservice has exclusive distribution rights for CUBE Pharmaceutical products since June 1, 2018. This is an exclusive distribution partnership covering all CUBE pharmaceutical products.
• CSAcoreTechnology or IntegrationCSA 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

Broad 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

• Facebookfacebook.com/pharmaservice.gr
• Instagraminstagram.com/__pharmaservice__
• Xx.com/PharmaserviceGR

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pharmaservice