Biofarm, (stock symbol BIO), one of the most important drug manufacturers in Romania, ended 2023 with a net profit of about 77 million lei, up 9% from the previous year and a turnover of approx. 280 million lei, according to preliminary results (unaudited).
"In 2023, we successfully implemented cost optimization strategies, focusing in particular on two of our company values: performance and end-consumer care. In doing so, we were able to identify effective ways to control our expenses, even in the context of rising raw material and packaging prices. The Consumer Healthcare category in Romania is becoming more and more competitive year by year, marked also by a slight decline in volumes in 2023 compared to 2022. However, we ended 2023 managing to consolidate our position on the market, with a positive evolution of the volume market share and to contribute positively on the quality of life of patients and consumers in Romania", said Cătălin Vicol, Biofarm CEO.
Biofarm continued to strengthen its market share in the Consumer Healthcare (CHC) segment, and ended 2023 in second position in terms of number of units sold.
The company dominates in value in 6 key categories across brands: Bixtonim, Triferment, Colebil, Extravalerianic, Carmol and Carbocit. In addition, Biofarm is the volume leader in no less than 8 categories, highlighting the outstanding performance of the brands Bixtonim, Colebil, Triferment, Sennalax, Extravalerianic, Carmol, Carbocit and Nervocalmin. These results confirm the success of Biofarm's approach and commitment to innovation. Through its achievements, the company continues to establish itself as a trusted player in Consumer Healthcare, offering effective and affordable solutions to consumers.
Biofarm has two drug factories in Bucharest and a product testing and development unit, and its portfolio of over 100 products covers the most important therapeutic areas of the Consumer Healthcare division (digestive & metabolic, respiratory & ORL, cardiovascular & circulatory, nervous system). Constant innovation in the development of new products is one of the fundamental elements for Biofarm's expansion and strengthening its position among the leaders in the pharmaceutical industry.
The information provided by KomuniK
Armenian Street Pop-Up: All That Jazz, an event focusing on the city’s Armenian neighborhood, community and living heritage, takes place on the weekend of May 24 – May 25. The first edition, meant as an overture to the Armenian Street Festival, brings to the fore the cultural heritage of the Armenian community in Romania and […]
One year after its launch, Attractive Romania/România Atractivă - part of Romania's first national program dedicated to cultural tourism - announced major milestones, including more than 280,000 active users and over 60,000 downloads of its mobile app. The platform has become the second most popular Romanian tourism app, after Munții Noștri. Initiated by the Ministry […]
The oldest house on display in a museum in Romania is a wooden dwelling from Hunedoara County, 225 years old, located in Sibiu’s Astra Museum, according to an announcement from the Sibiu County Council. Created in 1800, the oak wood house from Țara Zarandului is coated in clay and covered with straw. It was brought […]
The entrepreneur George Iacobescu, who had a major role in building London’s financial district, was decorated by interim president Ilie Bolojan with the National Order "Star of Romania" in the rank of Grand Officer. The Romanian Presidency said that the medal is for the exceptional services rendered to the Romanian state through the constant promotion […]
Documentary Mondays and Fiction Tuesdays, the established programs of the Czech Center in Bucharest, are set for new editions between May 19 and June 10, every Monday and Tuesday. The Bucharest public can attend eight screenings of contemporary and classic European cinema, with free admission. Documentary Mondays, the Czech Center’s longest-running film program, will present […]
The 16th edition of the Namaste India festival will take place in 2025 not only in Bucharest but also for the first time in Cluj-Napoca. The event is scheduled for June 14-15 at Bucharest’s “D. Brandza” Botanical Garden and July 5-6 at Iulius Parc in Cluj. Over two days in each city, attendees can enjoy […]
