Hemofarm a.d.

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Hemofarm a.d.
Native name
Хемофарм а.д.
Public limited company
Industry Pharmaceuticals
Founded Vršac, Serbia (August 28, 1998 (1998-08-28))
First founded 1960
Headquarters Vršac, Serbia
Key people
Ronald Seeliger (CEO)
Products Pharmaceuticals, Prescription drugs
Revenue Decrease 258.54 million (2013)[1]
Decrease €26.22 million (2013)[1]
Total assets Decrease €312.20 million (2013)[1]
Total equity Decrease €193.80 million (2013)[1]
Owner STADA (100%)
Number of employees
2,484[1]
Website www.hemofarm.com

Hemofarm a.d. (full legal name: Hemofarm a.d. Farmaceutsko-hemijska industrija Vršac), a member of STADA Group, is a Serbian pharmaceutical company based in Vršac, Serbia. Founded in 1960, it is one of the largest domestic producer and exporter of medicines in Serbia. Hemofarm currently operates in more than 30 countries on 3 continents and has approximately 2,500 employees.

The core activity represents the manufacture of Rx and OTC medicines and products. Portfolio includes over 140 INNs,[clarification needed] with about 280 forms and dosage forms.

History

Hemofarm was founded on June 1, 1960 in Vršac. In 2003 it opened the first factory for the production of medicine in the Republika Srpska. As of 2003 Hemofarm consisted of 21 subsidiaries, 12 of which were located in Serbia and Montenegro.[2]

In 2004, the company acquired four other Serbian concerns, increasing its market share from 15% to 45% in the process.[3] As of 2011, the company has a market share in terms of production and import of 30.7%.[4]

Hemofarm was bought by the German STADA Arzneimittel pharmaceutical group for 480 million euros in 2006.[5] Since August 9, 2009 Hemofarm has been a member of the German STADA Group.

Research and development

Hemofarm’s R&D division was established in 1990, and it has been recognized by STADA as a competence center for development of new generic products not only for local and regional markets, but also for the whole STADA Group. An intensive development of products intended for registration and sale in the demanding European Union market started in 2007.[citation needed]

References

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  3. Doing Business with Serbia By Marat Terterov, Consultant Editor, Marat Terterov, Inc NetLibrary; Published by GMB Publishing Ltd, 2006; ISBN 1-905050-68-2, ISBN 978-1-905050-68-0.
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External links

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