Farma Extra (farmatrix, Sas)

What Farma Extra (farmatrix, Sas) does

Farma Extra (farmatrix, Sas) is a privately held Dominican Republic retail pharmacy chain founded in 2020 through the consolidation of multiple Dominican pharmacy operators. Headquartered in Santo Domingo with a regional office in Santiago and a central distribution center in Santo Domingo Oeste, the company operates 67 strategically located branches spanning Distrito Nacional, Santiago, Santo Domingo Este, Moca, Mao, San Francisco Macorís, Bávaro, La Vega, Bonao, and surrounding regions. Service channels include in-store retail, 24/7 operations at select branches, Auto Farmacia (drive-thru), home delivery, and online ordering, complemented by the Farma Extra App Móvil for account and order management. The company employs between 501 and 1,000 staff.

The company's core commercial offerings consist of prescription and over-the-counter pharmaceutical sales, with a permanent 20% discount on medications with no minimum purchase requirement. Revenue is generated through three streams: direct retail pharmacy sales, billing of major medical insurance providers for covered medications, and patient support programs that include exchange plans and promotional offers for chronic disease patients (hypertension, diabetes, asthma, thyroid) covering over 800 medications. The ORGANON partnership provides 2+1 promotional exchange plans accessible via physician- or pharmacy-issued cards. Marketing is conducted primarily through Facebook, Instagram, the corporate website, and a centralized phone contact center.

The technology footprint is minimal beyond the Farma Extra App Móvil, which supports account creation, order management, contact preferences, prescription handling, delivery scheduling, and account deletion requests. No proprietary AI/ML systems, research publications, patents, certifications, or external technology partnerships are disclosed. Ownership is private with no parent company, no public listing, no disclosed investors, and no funding rounds recorded in the source data; ownership commentary suggests an institutional or collective structure inherited from the founding merger of multiple pharmacy chains.

Name

Farma Extra (farmatrix, Sas)

Legal name

Farma Extra

Website

https://farmaextra.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Farma Extra is a Dominican Republic retail pharmacy chain founded in 2020 from the merger of multiple local pharmacies, operating 67 branches across the country and serving general consumers and chronic disease patients with prescription, OTC, and patient support programs.

Ownership category

akta.pro rank

Product category

Retail Pharmacy

NAICS

Pharmacies and Drug Retailers (456110)

SIC

Retail-Drug Stores And Proprietary Stores (5912)

akta.pro primary industry

Retail & Community Pharmacies (Chain/Independent) (HLAFALAA)

Keywords

• Retail pharmacy services
• Pharmaceutical distribution
• Prescription medications
• Patient support programs
• Chronic disease medication

Headquarters

HQ city

Santo Domingo

HQ country

Dominican Republic

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Retail Pharmacy Sales: Sale of pharmaceutical products including prescription medications and over-the-counter drugs through 67 physical branches. Revenue generated from direct purchases by consumers, with 20% discount offered daily without minimum purchase requirement.
2. Medical Insurance Billing: Revenue from billing major medical insurance providers for covered medications. Patients can use their insurance coverage for medications, expanding customer base to insured populations.
3. Patient Support Programs: Exchange plans and promotional programs for patients requiring continuous use medications (hypertension, diabetes, asthma, thyroid conditions). Includes 2+1 promotions from partners like ORGANON.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Farma Extra operates a chain of 67 retail pharmacy branches across the Dominican Republic selling prescription medications, over-the-counter drugs, and health products directly to consumers. Services include in-store shopping, online ordering, drive-thru (Auto Farmacia), home delivery, 24/7 operations at select branches, and patient support/exchange programs covering 800+ medications for chronic conditions such as hypertension, diabetes, asthma, and thyroid disorders. The company accepts major medical insurance plans for billing purposes.

Product overview

Farma Extra operates as a retail pharmacy chain with 67 strategically located branches across the Dominican Republic. The company offers a unified service platform combining physical pharmacy locations with digital capabilities. The core offering includes the Farma Extra App Móvil for digital account management, online purchasing, and home delivery services. Additional services encompass 24/7 pharmacy operations, Auto Farmacia (drive-through pharmacy), and patient support programs covering 800+ medications with exchange plans for chronic conditions like hypertension, diabetes, asthma, and thyroid disorders.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Pharmacy Sales (Prescription and OTC Medications) Direct sale of prescription medications and over-the-counter pharmaceutical products to consumers across 67 branches in the Dominican Republic, with a daily 20% discount and no minimum purchase requirement.
• Auto Farmacia (Drive-Thru Pharmacy) Drive-thru pharmacy service available at enabled branches, allowing customers to purchase medications from their vehicles for added convenience.
• 24/7 Pharmacy Service Continuous round-the-clock pharmacy service at select Farma Extra branches.
• Home Delivery Pharmacy Service Door-to-door delivery service allowing customers to receive medications at home rather than visiting a branch.
• Patient Support Programs (Chronic Disease Exchange Plans) Medication exchange plans and promotional programs covering over 800 medications for patients requiring continuous treatment of hypertension, diabetes, asthma, and thyroid conditions. Includes partner-driven offers such as ORGANON 2+1 deals requiring a physician- or pharmacy-issued card.
• Medical Insurance Billing Direct billing to major medical insurance providers, allowing insured patients to purchase covered medications using their insurance plans.
• Farma Extra App Móvil Mobile application enabling users to create accounts, manage orders, contact data, preferences, request account deletion, schedule delivery, and order prescriptions.
• Online Ordering (farmaextra.com) Website-based online ordering platform available at farmaextra.com, allowing customers to place orders digitally for in-branch pickup or home delivery.

Quantifiable outcome

• 20% discount on all medications daily with no minimum purchase
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Major Medical Insurance ProviderscoreChannel Partner/ Reseller/ Distributor · 1 January 2020Farma Extra accepts major medical insurance plans, enabling insured patients to purchase medications using their coverage. This partnership expands customer access to insured populations and streamlines the purchasing process.
• ORGANONcoreGTM or Marketing PartnerORGANON partnership provides patient support programs with promotional offers including 2+1 deals on medications. Patients require a card issued by their physician or pharmacy to participate. This enhances patient loyalty and medication adherence for ORGANON products.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Regional players

• Farmatodo: Latin American pharmacy and convenience retail chain with operations in Colombia and Venezuela, offering prescription, OTC, and home delivery. Comparable as a multi-country regional pharmacy operator serving similar insured and walk-in consumers.
• Farmacias Similares: Mexican low-cost pharmacy chain built on affordable generics and a dense branch network across Latin America. Comparable as a regional player that combines aggressive pricing, scale, and chronic-disease access in a similar value-based retail model.
• Cruz Verde: One of the largest pharmacy chains in Colombia, with a broad branch network, home delivery, and chronic-disease programs. Comparable as a Latin American regional pharmacy chain building scale in an adjacent developing market.
• Inkafarma: Leading Peruvian pharmacy chain with high-density branch coverage and aggressive value pricing. Comparable as a Latin American regional chain pursuing volume-driven pharmacy retail with everyday low-price positioning.

Broad incumbents

• CVS Pharmacy: Largest U.S. pharmacy retail chain, combining prescription dispensing, OTC, insurance billing, and digital health services. Comparable as a broad incumbent defining the omnichannel pharmacy retail benchmark Farma Extra is approximating at smaller scale.
• Walmart Pharmacy: Pharmacy counters inside Walmart stores in multiple countries, leveraging retail traffic and everyday-low-price positioning. Comparable as a broad incumbent demonstrating how scale retailers can compete in pharmacy retail and pricing.
• Walgreens: Major U.S. pharmacy chain with nationwide storefronts, drive-thru service, mobile app, and integrated insurance/PBM capabilities. Relevant as the broader reference model for chain pharmacy omnichannel operations.

Direct peers

• Grupo IFA: Dominican Republic-based pharmaceutical group that owns and operates multiple pharmacy retail banners across the country. Direct competitor in the DR retail pharmacy market with overlapping insurance partnerships and chronic-disease offerings.
• Farmacia Carol: Long-standing Dominican Republic pharmacy chain operating a multi-branch retail network in Santo Domingo and other DR cities. Directly comparable as a domestic chain pharmacy competitor serving similar insured and walk-in consumer segments.

Others

• Cardinal Health: U.S. pharmaceutical wholesale distributor and pharmacy services operator. Comparable as a downstream counterparty — a key supplier and logistics infrastructure layer that any sizable pharmacy chain, including Farma Extra, depends on for sourcing and distribution.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/farmaextraRD
• Instagraminstagram.com/farmaextrard

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Farma Extra (farmatrix, Sas)