DRUGS
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Vaccine Market Dominated By Multinationals In The Absence Of Strong Local Producer
The vaccine business is worth about EUR30 million a year, with sales of tree million units. Despite it being a small market, international companies such as Sanofi and GlaxoSmithKline (GSK)...
GlaxoSmithKline’s Romanian Plant Reaches EUR100M Turnover
Europharm Brasov, the drug plant of UK giant GlaxoSmithKline, ended last year with turnover of around EUR100 million, up by around 10% on 2010.
Competition Council Ends Investigation On Drug Wholesale Market, Levies No Sanctions
Romania’s Competition Council has closed an investigation into local drug wholesalers without levying any sanctions although the investigation report sets fines up to 4% of turnover for the...
Pharmaceutical Market Overshoots EUR2.5B Mark
The Romanian pharmaceutical market reached EUR2.55 billion in 2011, up 11.5% on the year, according to market research company Cegedim. Sales of drugs rose by almost 30% in the fourth quarte...
Dona Network Plans Expansion To 220-225 Pharmacies
Ovidiu Wencz, general manager of Dona pharmacy chain, says the Romanian drug retailer will rely on expansion, while seeking to improve efficiency.
Pharmaceutical Market Up 6.4% In 2011, Nears EUR2.5B
Drug sales in Romania could exceed EUR2.4 billion this year, up 6.4% on the year, according to ZF estimates based on data from market research company Cegedim.
Romanian Pharmaceutical Market Leader Bets On Growing Exports
Jacques Nathan, the new country manager of Sanofi Romania, says the factory in Bucharest has a strategic importance in the group and will be used to produce and launch new drugs, while the g...
GSK Romania To Boost Exports To 75% Of Output In 2012
Pharmaceutical company GlaxoSmithKline (GSK), which owns drug maker Europharm in Brasov (central Romania), expects to sell 75% of its output abroad next year, compared with 60% this year and...
Drug Market Up By A Staggering 14%, Approaches RON10B
Drug sales leaped significantly in the third quarter of the year, rising by nearly 14% in value against the similar period of 2010, to 2.74 billion lei (EUR643 million), according to data fr...