 The PHOENIX Pharmahandel Aktiengesellschaft & Co was founded from the German regional wholesalers F. Reichelt AG (Hamburg), Otto Stumpf GmbH (Berlin), Ferd.Schulze GmbH (Mannheim), Otto Stumpf AG (Nuremberg), and Hageda AG (Cologne) in early 1994.The newly established enterprise has achieved a market leading position in its home markets from day one.