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Remedica Clarifies Position on Video and Donations - 'No Benefit to President'

Published January 9, 2026, 12:14
Remedica Clarifies Position on Video and Donations - 'No Benefit to President'

Pharmaceutical company Remedica issued a clarifying statement regarding a video circulating that allegedly records conversations with a Dutch investor. The company emphasizes that LetterOne, its shareholder, is not subject to sanctions and is independent of shareholders subject to sanctions. Furthermore, it clarifies that it has not made any political donations to benefit President Christodoulides. However, it states that it responded to a public appeal by the Republic of Cyprus to support those affected by the 2025 fires, donating €75,000 to the official support account, including support for its employees who were affected.