Hemofarm Group
Encyclopedia
Hemofarm Group is amongst the largest pharmaceutical companies
in Serbia
accounting for 45% percent of total sales in 2004.
According to its most recent annual financial report submitted to Serbian Economic Register Agency, Hemofarm Koncern, the main holding of Hemofarm Group, has 3,230 employees and it posted an annual profit of RSD
3,243,264,000 (approximately €
40.5 million at the time) for the calendar year 2007.
. In 2003 they opened the first factory for the production of medicine in the Republika Srpska
. As of 2003 Hemofarm consisted of 21 companies, 12 of which were located in Serbia and Montenegro.
In 2004, the company acquired four other Serbian concerns, increasing its market share from 15% to 45% in the process.
The company was privatized and bought by STADA Arzneimittel
in 2006.
, Novi Sad
, Kragujevac
and Niš
. They also sponsor the KK Hemofarm
basketball team.
Pharmaceutical company
The pharmaceutical industry develops, produces, and markets drugs licensed for use as medications. Pharmaceutical companies are allowed to deal in generic and/or brand medications and medical devices...
in Serbia
Serbia
Serbia , officially the Republic of Serbia , is a landlocked country located at the crossroads of Central and Southeast Europe, covering the southern part of the Carpathian basin and the central part of the Balkans...
accounting for 45% percent of total sales in 2004.
According to its most recent annual financial report submitted to Serbian Economic Register Agency, Hemofarm Koncern, the main holding of Hemofarm Group, has 3,230 employees and it posted an annual profit of RSD
Serbian dinar
The dinar is the currency of Serbia. An earlier currency also called dinar was used in Serbia between 1868 and 1918. The earliest use of the dinar date to 1214. Today's Serbian dinar is a continuation of the last Yugoslav dinar...
3,243,264,000 (approximately €
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
40.5 million at the time) for the calendar year 2007.
History
The Hemofarm Group was founded in 1960 in VršacVršac
Vršac is a town and municipality located in Serbia. In 2002 the town's total population was 36,623, while Vršac municipality had 54,369 inhabitants. Vršac is located in the Banat region, in the Vojvodina province of Serbia. It is part of the South Banat District.-Name:The name Vršac is of Serbian...
. In 2003 they opened the first factory for the production of medicine in the Republika Srpska
Republika Srpska
Republika Srpska is one of two main political entities of Bosnia and Herzegovina, the other being the Federation of Bosnia and Herzegovina...
. As of 2003 Hemofarm consisted of 21 companies, 12 of which were located in Serbia and Montenegro.
In 2004, the company acquired four other Serbian concerns, increasing its market share from 15% to 45% in the process.
The company was privatized and bought by STADA Arzneimittel
STADA Arzneimittel
Stada Arzneimittel AG is a pharmaceutical company based in Bad Vilbel, Germany which specializes in the production of generic and over-the-counter drugs...
in 2006.
Subsidiaries
Hemofarm holds smaller subsidiaries across Serbia such as Zorka Pharma and Fondacija Hemofarm as well as business centers in BelgradeBelgrade
Belgrade is the capital and largest city of Serbia. It is located at the confluence of the Sava and Danube rivers, where the Pannonian Plain meets the Balkans. According to official results of Census 2011, the city has a population of 1,639,121. It is one of the 15 largest cities in Europe...
, Novi Sad
Novi Sad
Novi Sad is the capital of the northern Serbian province of Vojvodina, and the administrative centre of the South Bačka District. The city is located in the southern part of Pannonian Plain on the Danube river....
, Kragujevac
Kragujevac
Kragujevac is the fourth largest city in Serbia, the main city of the Šumadija region and the administrative centre of Šumadija District. It is situated on the banks of the Lepenica River...
and Niš
Niš
Niš is the largest city of southern Serbia and third-largest city in Serbia . According to the data from 2011, the city of Niš has a population of 177,972 inhabitants, while the city municipality has a population of 257,867. The city covers an area of about 597 km2, including the urban area,...
. They also sponsor the KK Hemofarm
KK Hemofarm
Košarkaški klub Hemofarm is a professional basketball club from Vršac, Serbia. The club currently participates in the Adriatic League and Serbian League...
basketball team.