Alpha News

Remedica Statement: No Political Donations to Benefit Christodoulides

Published January 9, 2026, 12:28

Pharmaceutical company Remedica has issued a statement regarding the video that circulated and mentions the company. Remedica clarifies that LetterOne, which is a shareholder, is not subject to sanctions and is fully separated from shareholders subject to sanctions. The shares of these individuals are frozen and they have no influence on LetterOne, nor do they derive any benefit from it. Furthermore, the company emphasizes that neither LetterOne nor Remedica have made any political donations to benefit President Christodoulides. The statement was issued in response to potential associations that may have arisen from the content of the video. Remedica states that LetterOne responded to a public call from the Republic of Cyprus to support those affected by the 2023 fires, donating €75,000 to the official fire support account. This donation is fully documented. The company seeks to distance itself from any illegal activity that may be implied in the video and to assure the public of the legality of its business activities and its compliance with laws and regulations.