“The pharmaceutical wholesale market is maturing, the big will become even bigger and the small I think will choose to merge to be able to stay in business. If new molecules enter the market, the market will grow in value, given their price,” Iulian Trandafir, chief executive of the Farmexpert group, told ZF.
The company distributes drugs to 4,000 to 4,500 customers – pharmacies, clinics, hospitals and has almost 1,000 employees. Most of the manufacturers Farmexpert works with are foreign companies.
Farmexpert’s owner is Walgreens Boots Alliance.
“I am optimistic about this year, we had about 10% higher sales in January, February and March. We saw growth in both volume and value. We will overshoot the RON3 billion revenue mark this calendar year.”
Sales went up 5% to 7% in the last calendar year, Iulian Trandafir said.
The leader of the wholesale market by revenue was Mediplus in 2017, followed by Farmexpert, Fildas and Farmexim. So far, only Fildas Trading has announced 2018 results, with sales amounting to RON3.7 billion. (EUR1=RON4.7607)
(English version by Loredana Fratila-Cristescu)