“Dragos Damian, besides his current role in the Eastern Europe region, will manage the development and coordination of operations on the Russian market as Regional Manager for Eastern Europe and Russia starting November 1,” the company said in a statement.
Bogdan Ungureanu is also Terapia’s commercial manager, has a degree in medicine and has been working within the company for 20 years.
Terapia Cluj is the largest local pharmaceutical producer and had a turnover of RON736 million in 2019.
Terapia Cluj was founded in 1921 and was owned by the state between 1960 and 1996 when it was privatized and listed on the Bucharest Stock Exchange until 2004. Advent bought Terapia in 2003 and six years later it sold it to Indian group Ranbaxy for $324 million. In 2015, Sun Pharma bought Ranbaxy in a $4 billion deal that included Terapia Cluj.
Sun Pharma is the world’s fourth largest specialty generic pharmaceutical company and India’s top pharmaceutical company.