The company is among the top 10 largest pharmacy chains in Brazil, with stores located throughout the north, northeast and southern regions of the country.

[citation needed] Pedro de Castro Lazera founded the company Imifarma on 2 December 1960.

[6] In the 1990s, Imifarma started to operate in the retail market through its own network of pharmacies under the name Extrafarma.

Later, it expanded to the states of Maranhão, Ceará, Piauí and Rio Grande do Norte.

[7][8] With the acquisition, Extrafarma will expand and open new pharmacy stores inside Ipiranga gas stations and Ultragaz resellers.