Cosmos Holdings focuses on Europe as it expands its global wholesale pharmaceutical business

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It seems fitting that Cosmos Holdings Inc.(OTCMKTS:COSM), a Chicago-based pharmaceutical holding company, would have a subsidiary in Greece, which is one of the largest exporters in the European pharmaceutical parallel trade. Cosmos is a modern company, but the trade routes it relies on are ancient, and in a way that the ancient Greeks might approve of it is building an empire in the pharma sector that extends from the Byzantine port city of Thessaloniki all the way through to Scandinavia. The way Cosmos operates in the parallel trade market – which allows for the free movement of goods across Europe from lower value to higher value markets – is by arbitraging and profiting from price differences in brand-name drugs, which might cost less in Greece than they do in, say, Germany. “We purchase as much in the way of excess-branded pharmaceuticals products as we can,” says Konstantinos Vassilopoulos, the U.S. Cosmos Holdings focuses on Europe as it expands its global wholesale pharmaceutical business

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