Hemofarm a.d. (full legal name: ''Hemofarm a.d. Farmaceutsko-hemijska industrija Vršac''), a member of STADA Group, is a Serbian

pharmaceutical company The pharmaceutical industry is a Medicine, medical industry that discovers, develops, produces, and markets pharmaceutical goods such as medications and medical devices. Medications are then administered to (or Self-medicate, self-administered b ...

based in

Vršac Vršac ( sr-Cyrl, Вршац, ) is a city in the autonomous province of Vojvodina, Serbia. As of 2022, the city urban area had a population of 31,946, while the city administrative area had 45,462 inhabitants. It is located in the geographical ...

, Serbia. Founded in 1960, it is one of the largest domestic producers and exporters of medicines in

Serbia , image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (gree ...

. Hemofarm currently operates in more than 30 countries on 3 continents and has around 3,000 employees. The core activity represents the manufacture of Rx and OTC medicines and products. The portfolio includes over 140 International Nonproprietary Names (INNs), with about 280 forms and dosage forms.

History

Hemofarm was established on 1 June 1960 in

. In 2003, it opened the first factory for the production of medicine in entity

Republika Srpska Republika Srpska ( sr-Cyrl, Република Српска, ; also referred to as the Republic of Srpska or Serb Republic) is one of the two Political divisions of Bosnia and Herzegovina, entities within Bosnia and Herzegovina, the other bein ...

Bosnia and Herzegovina Bosnia and Herzegovina, sometimes known as Bosnia-Herzegovina and informally as Bosnia, is a country in Southeast Europe. Situated on the Balkans, Balkan Peninsula, it borders Serbia to the east, Montenegro to the southeast, and Croatia to th ...

. As of 2003, Hemofarm consisted of 21 subsidiaries, 12 of which were located in

Serbia , image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (gree ...

and the rest in

Montenegro , image_flag = Flag of Montenegro.svg , image_coat = Coat of arms of Montenegro.svg , coa_size = 80 , national_motto = , national_anthem = () , image_map = Europe-Mont ...

. In 2004, the company acquired four other Serbian pharmaceutical companies, increasing its market share from 15% to 45%. As of 2011, the company had a market share in terms of production and import of 30.7%. Hemofarm was bought by the German

STADA Arzneimittel Stada Arzneimittel AG is a pharmaceutical company based in Bad Vilbel, Germany which specializes on a three-pillar strategy consisting of consumer healthcare products (over-the-counter drugs), generics and specialty pharma. Worldwide, STADA Arzn ...

pharmaceutical group for 480 million

euro The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the ...

s in 2006. Since 9 August 2009, Hemofarm has been a member of the German STADA Group. In August 2016, Hemofarm bought the assets of a minor Serbian pharmaceutical company, "Ivančić i sinovi", for an undisclosed amount.

Research and development

Hemofarm’s R&D division was established in 1990, and it has been recognized by STADA as a competence center for development of new generic products not only for local and regional markets, but also for the whole STADA Group. An intensive development of products intended for registration and sale in the demanding

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...

market started in 2007.

References

External links

*
Official Stada group website
1960 establishments in Serbia 2006 mergers and acquisitions Companies based in Vršac Economy of Vojvodina Pharmaceutical companies established in 1960 Pharmaceutical companies of Serbia Serbian brands {{Serbia-company-stub