Europharm Brasov is one of the four companies cobtrolled by GSK in Romania, together with GSK Pharma, GSK Consumer Healthcare and Europharm Distributie.
Europharm is the second largest local drugs producer, after Terapia Ranbaxy, and one of GSK group’s main sources for export to 8 countries, exports accounting for 60% of the production.
The factory employed 213 people in 2014 and posted a RON9 million loss. GSK initially looked for a buyer and then decided to close down the plant.
Europharm is the first medical drugs factory to be closed down, considering no other startup in this field was announced.
Europharm was initially held by businessman Mihai Miron, who sold the business in two stages to GSK. Miron was interested in re-buying the company from GSK but the two parties have not reached an agreement.
Besides Terapia and Europharm, other large drug producers in Romania are Antibiotice, Zentiva and Sandoz.
(English version by Manuela Panescu)