Pharmaceutical industry Galenica increases stake in Redcare Pharmacy to 10 percent

The Bern-based pharmacy group Galenica has increased its stake in the Dutch online pharmacy Redcare Pharmacy to 10 percent. This will enable Galenica to benefit from tax-free dividend income and capital gains in future, the company announced on Monday evening.

Galenica previously held a 7.9 percent stake in Redcare, with which the Group founded the Mediservice joint venture, since May 2023. By increasing its stake, Galenica is now reaffirming its confidence in the online pharmacy, according to the press release.

The Group also plans to maintain its stake in the long term. However, a further increase in the stake is no longer planned.