Health
E&Y: Romania's New Clawback Mechanism Breaches Taxation Principles
The current clawback mechanism applied by Romania to pharmaceutical companies seems to apply inclusively for the value added tax collected on medicine sales, which breaches the taxation prin...
Private Healthcare Operator Romgermed Opens EUR0.5M Lab In Bucharest
Romanian private healthcare provider Romgermed on Monday launched its 18th laboratory, in Bucharest, following an investment of EUR500,000.
Stead, Labormed CEO: Market Is Extremely Volatile, Forecasts Change Monthly
Stephen Stead, chief executive officer of pharmaceutical company Labormed, controlled by investment fund Advent International, says that things are extremely volatile on the drug market and...
Ropharma Eyes EUR2M Loan To Finance Investments
Romanian generic drugs wholesaler Ropharma Brasov (RPH.RO) plans to borrow EUR2 million from ING Bank to finance medium-term investments, the company said in a statement Friday.
Health Ministry To Introduce Private Health Insurance
Romania's Health Ministry wants to introduce private health insurance, by creating private insurance houses supervised by the National Health Insurance House, said minister Ladislau Ritli on...
Competition Council Fines Drug Producers Baxter, Belupo And Their Distributors With RON7.8M
The Romanian Competition Council fined 7.8 million lei (about EUR1.8 million) medicine producers Baxter and Belupo and their distributors for sealing antitrust agreements impeding medicine e...
50-Year Old Romanian Drug Brands Still Going Strong
In retail, old Romanian brands such as Brifcor, Eugenia and chocolate bar Rom managed to stand the test of time and be prominent on store shelves even today. The same happened in the case of...
AmCham Blasts Clawback Mechanism For Lack Of Predictability
The clawback mechanism currently implemented by Romania inhibits the development of pharmaceutical companies, according to representatives of the American Chamber of Commerce in Romania, or...
Third-Largest Local Pharmaceutical Company Novartis Has New General Manager
Elena Mitova has recently taken over as general manager of Novartis Romania, the third-largest pharmaceutical company in Romania. She is now president of Novartis Grup and general manager of...