“Centrofarm has paid its debt to Mediplus and both parties submitted requests today to have the claim for Centrofarm’s insolvency withdrawn, according to procedure. However, the litigation will continue,” said Dobre.
Pharmaceutical distributor Mediplus, part of A&D Pharma group, required the insolvency of the Centrofarm drugstore chain on November 17, according to court records. The claim was scheduled to be discussed on February 9, 2015.
Mediplus, the largest pharmaceutical distributor on the Romanian market, had a turnover of RON3.14 billion (EUR706 million) in 2013, up 16.5%on the year, and a net profit of RON63 million (EUR14.1 million), up around 12%. A&D Pharma also owns the Sensiblu drugstore chain.
Centrofarm operates a network of more than 50 drugstores and had a turnover of RON106.8 million (EUR24.2 million) in 2013, down 21% on the year, and a loss of RON12 million (EUR2.7 million) from a loss of RON17 million (EUR3.7 million) in 2012. Centrofarm is owned by General Farma Invest.