Medihelm SA is headquartered in Athens, Greece visiting and detailing 3600 Pharmacies and 114 drug warehouses around Greece with a distribution network employing 15 professionals. It is the core supplier of many medicines and agent for the known Sudocrem and Infacolic products in Greece. Medihelm SA, has preferential shelf placement in pharmacies and has an in depth understanding of the Greek Pharmaceutical.
Cosmos Holdings entered into a Memorandum of Understanding to acquire Medihelm Pharmaceutical Wholesalers SA On October 19, 2016, Cosmos Holdings entered into a Memorandum of Understanding with Medihelm Pharmaceutical Wholesalers SA and each of Konstantinos Metsovitis and Eleni Metsoviti. The Medihelm MOU provides that the Company intends to acquire all of the issued and outstanding shares of Medihlem from Konstantinos Metsovitis in exchange for shares of Cosmos Holdings common stock. Upon the closing of the transactions, Eleni Metsoviti shall be appointed as a member of the Board of Directors of the Company and will be retained as a Director and COO of Medihelm.