Health
SIF Oltenia Sells Its Entire Stake In Biofarm To SIF Muntenia For EUR21.6M
Romanian regional investment fund SIF Oltenia (SIF5.RO) Wednesday sold its entire stake (28.77%) in medicine producer Biofarm Bucuresti (BIO.RO) in a special deal worth 96.07 million lei (EU...
Romanian Dermo-Cosmetics Producer Ivatherm Starts Sales To China
Ivatherm, the only Romanian-held dermo-cosmetics company, delivered its first order to China this month, a market that will have a massive contribution to the growth of the business, says fo...
Turkish Group Bozlu Makes EUR15M Investment In Romanian Medical Sector
Turkish group Bozlu will open its first Neolife medical center in Romania, in Bucharest, at the end of 2013, following a EUR15 million investment.
Local Entrepreneurs Challenge Big Retail Pharmacy Chains
There are tens, “maybe even more than a hundred” regional retail pharmacy networks with at least five pharmacies in Romania, says Robert Popescu, chairman of the Association of Pharmaceutica...
A&D Pharma Head: Mediplus Turnover To Rise 10% In 2013; Sensiblu Will Still See Loss
The turnover of Romanian medical drug distributor Mediplus, part of pharmaceutical group A&D Pharma, will increase over 10% this year, Robert Popescu, the group’s general manager, told Media...
Some 40% Of Romania’s Parallel Exports Of Medicines Made Through Drugstores With Wholesale License
Parallel exports of medicines fell this year compared with 2012 and 30%-40% of parallel trade is made through retail drugstores engaged in wholesale distribution, according to the Associatio...
Stephen Stead Returns To Pharmaceutical Market As Ranbaxy Regional Director
British-born Stephen Stead, who in August 2012 stepped down as CEO of Labormed, has returned to the pharmaceutical industry in a regional position within Ranbaxy and is based in Romania. He...
HOYA Group's Vision Care Division Opens Subsidiary In Romania
HOYA Group's Vision Care Division, a key player in the global market of ophthalmic lenses, has established the subsidiary HOYA Lens Romania, the group said in a statement Monday.
Gral Medical Opens Its First Hospital In EUR7M Investment
Romanian private healthcare provider Gral Medical has opened its first hospital, OncoFort, in a EUR7 million investment, the company said Monday.