Biofarm recorded in 2023 a net profit worth 77 million lei, up 9% from the previous year, and a turnover of about 280 million lei, according to preliminary unaudited results released the company released on Thursday."In 2023, we have successfully implemented cost optimisation strategies, focusing in particular on two of the company's values: performance and care for the end consumer. Thus, we managed to identify efficient ways to control our expenses, even in the context of rising raw material and packaging prices," said Biofarm CEO Catalin Vicol.According to him, the Consumer Healthcare category in Romania is becoming more and more competitive year by year, with a slight decline in volumes in 2023 compared to 2022."Nevertheless, we ended 2023 managing to consolidate our position on the market, with a positive evolution of the volume market share and to contribute positively to the quality of life of patients and consumers in Romania," added Catalin Vicol.According to the source, Biofarm continued to consolidate its market share in the Consumer Healthcare (CHC) segment and ended 2023 in second position in terms of number of units sold.Biofarm has two medicine factories in Bucharest and a product testing and development unit, and its portfolio of over 100 products covers the most important therapeutic areas in the Consumer Healthcare division (digestive & metabolic, respiratory & ENT, cardiovascular & circulatory, nervous system).Biofarm is one of the leading Romanian manufacturers of medicines and dietary supplements. For 100 years Biofarm has been alongside Romanian specialists in the race to discover the best solutions for maintaining human health.Currently, Biofarm is one of the top 10 manufacturers on the Romanian pharmaceutical market, a dynamic and highly competitive market. Biofarm has a competitive product portfolio covering more than 65 therapeutic areas and continuously invests in media, commercial and marketing campaigns to promote its products.
Romania was formally designated the 43rd country to join the US Visa Waiver Program (VWP) on Friday, January 10. According to the Romanian ambassador to Washington, Andrei Muraru, Romanian citizens will be able to travel to the US without the need for a visa starting March 31, 2025. "Romania becomes the first country in the […]
Cluj-Napoca, the city in Romania with some of the highest rents and a fast-growing IT industry, is closer to banning smoking in playgrounds and parks after mayor Emil Boc expressed his support for the measure. The mayor cited the prioritization of public health as the reason behind such a ban. He mentioned that he has […]
Romania's Sibiu County Emergency Clinical Hospital will receive a robotic system to prepare cytostatic drugs needed by cancer patients, along with other equipment, after the County Council obtained funds from the European Regional Development Fund. With an estimated value of EUR 1 million, the "Robotic Composition System for Sterile Preparations of Cytostatic Drugs" is among […]
Romania’s government adopted in its January 10 meeting a decision granting an extra day off to public sector employees at the beginning of May. Thus, Friday, May 2, will be an official day off for public sector workers, linking the legal holiday of May 1 (Labor Day) with the weekend (May 3-4). This...
The Ministry of Environment announced that 2024 was the hottest year in the history of Romania's meteorological records. Red alerts for heat waves began in June of 2024, with the longest consecutive periods of persistent and intense heat waves, six consecutive days, between July 13-18 and August 15-20. "The year 2024 is the hottest year...
Supporters of former presidential candidate Călin Georgescu gathered outside the Parliament Palace in Bucharest, which houses the Constitutional Court, on January 10, demanding a rerun of the second round of the presidential elections. The protest, dubbed "The Great Judicial Union," was initiated by Georgescu, who called on his supporters to challenge the election annulment, as […]
