Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Drug maker Antibiotice plans to double business turnover...

Drug maker Antibiotice plans to double business turnover by 2030

May 18, 2022

The development plan of Antibiotice Iasi to 2030 will lead to a doubling of its current business turnover and to a rate of return three times higher, said Paula Coman, the economic manager of the company, at the official opening of a trading session on the Bucharest Stock Exchange (BVB) dedicated to the 25th anniversary of Antibiotice stock being traded on BVB."These are 25 years that have meant a transparent development for us. In 25 years, we became much more efficient and much more transparent in communicating with the shareholders in our company. (...) We have diversified our product range, we have become better domestically and internationally. In addition to this increase in revenues, we have become successful in running growth rates from period to period, so we are in a position to say that our development plan to 2030 will lead to a doubling of the current turnover, at a rate of return three times higher, based on a coherent plan of cost management, on a policy of managerial measures that imply an increase in sales in a balanced margin between on prescription and over-the-counter products, so that we can reduce or minimise the effects of the claw-back tax, which incurs additional expense and costs that erode our profitability. Simultaneously with the managerial measures, we have organisational measures in place so that we can reorganise activities in order to have lower and lower fixed expenses in relation to variable expenditure and income," said Coman.According to head of the BVB Listing Department Ileana Botez, in the 25 years on BVB, over 13,000 transactions were made of Antibiotice shares, 900 million shares were traded worth 595 million lei. Capitalisation increased more than 15 times to over 360 million lei (363 million lei at the reference price on Thursday, April 14).Antibiotice is the main producer of generic drugs in Romania. Since 2000, over 30 million euros have been invested in the company and currently the company has eight authorised production flows.The company's main business is the production of solid oral anti-infectives, being the only pharmaceutical company in Romania that distributes sterile powders for injectable anti-infectives. Antibiotice Iasi is the local leader for the production of hospital pharmaceuticals, holding the biggest share in topical products (ointments, creams, gels) for the local market, branching off into cardiovascular, central nervous system, and also oncological drugs.  

The text of this article has been partially taken from the publication:
ActMedia
Read in full - click here
Baltic, Polish, Romanian leaders urge EU to step up efforts to preserve common historical memory - The Baltic Times

RIGA - Leaders of Latvia, Lithuania, Estonia, Poland and Romania in a joint letter to European Council President Charles Michel, European Commis......  

Estonia, 4 more member states want EU to commemorate victims of Communism - The Baltic Times

TALLINN - Estonian Prime Minister Kaja Kallas has signed a joint letter by Estonia, Latvia, Lithuania, Poland and Romania to heads of EU institu......  

Jan - April gas imports drop 6.1 pct

Romania's gas imports in the first four months of 2022 stood at 802,800 tons of oil equivalent (toe), by 5.1 pct (51,900 toe) less YoY, show figures centralized by the National Institute of Statistics (INS).The domestic gas production over the reporting period amounted to 2.376 million toe, 6.1 percent (153,700 toe) less than in the […]

Iohannis to attend EU and Western Balkans leaders' meeting, European Council and Euro Summit

President Klaus Iohannis will attend European Union and Western Balkans leaders' meetings on Thursday and Friday, the European Council meeting and the extended Euro Summit in Brussels, the Presidential Administration has announced.According to the quoted source, the meeting of the leaders of the European Union and the Western Balkans will be an opportunity to reaffirm, […]

PM Ciuca, UAE's Zayed Al Nahyan meet on oil, gas supply

On a working visit to the United Arab Emirates (UAE), Romania's Prime Minister Nicolae Ciuca met UAE President Sheikh Mohamed bin Zayed Al Nahyan to discuss diversifying oil and gas supply resources amidst ongoing tensions in the Black Sea region.According to a press statement released by the government on Wednesday, Prime Minister Nicolae Ciuca paid […]

ForMin Aurescu expresses interest for furthering cooperation in certain areas with United Arab Emirates

  Minister of Foreign Affairs Bogdan Aurescu on Wednesday expressed the "firm interest" for continuing the development of collaboration in areas of importance for Romania and the United Arab Emirates, namely economic, commercial, maritime and air transport, energy, IT&C, cyber security, agriculture and food security, environment and aerospace research, at the 2nd session of the […]