- MercadoLibre, which includes the fintech division Mercado pago, operates in Latin America.
- MercadoLibre operates in Latin America, facing competition from Amazon and potential impacts from Trump's tariffs.
Mercado Livre Expands into Prescription Medicine Sales in Brazil
1 report, 1 independent
Updated Fri 00:00
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What happened
Mercado Livre announced it is expanding into prescription medicine sales through its São Paulo pharmacy, which was acquired as Farmácia Cuidamos. The company stated it will begin selling antibiotics and GLP-1 weight-loss pens. For these products, the buyers must upload a prescription, which is then reviewed by a Mercado Livre pharmacist before shipment.
From riotimesonline.com
Why it matters
The announcement caused significant market movement in the Brazilian retail pharmacy sector. Stocks of several pharmacy chains declined following the news, with Pague Menos falling 8% to close at R$3.45. RD Saúde also dropped 5.38%.
Mercado Livre operates in Latin America, competing in the region against major rivals like Amazon.
From riotimesonline.com