The company’s profit rose 60% to RON21.5 million. The profit margin stood at more than 11%. The pharmaceutical producer has a 25-year history in the industry and has 151 employees.
Fiterman’s revenue has increased by more than 80% in five years, as the pharmaceutical company is a medium-sized actor in the local pharmaceutical production market.
Fiterman Pharma makes prescription drugs, over-the-counter drugs, as well as cosmetics and medical devices.
Fiterman Pharma’s owners are Solomon Fiterman (43.6%), Mara Fiterman (27.9%), Dan Fiterman (13.8%), Patricia Fiterman (13.8%), confidas.ro data show.
The Fitermans also own the Arcadia – Spitale si Centre Medicale group, a medium-sized healthcare provider inaugurated in 2010, following a EUR20 million investment.
Fiterman Pharma is one of the largest Romanian-owned pharmaceutical producers and competes with state-run Antibiotice in Iasi.
The largest pharmaceutical producers in Romania are Zentiva, Terapia, Sandoz, Antibiotice Iasi and Biofarm.
(English version by Loredana Fratila-Cristescu)