Pharmaceutical company JSC Galichpharm (Lviv) produced 22.098 million packages of medicines in 2025 and sold finished products worth UAH 1.774 billion.
As the company reported in its financial statements on its website, its net loss in 2025 amounted to UAH 1.151 billion, while at the end of 2024, net profit fell by 39% compared to 2023—to UAH 13.705 million.
As previously reported, the company planned to increase sales by 15% by the end of 2025.
In May 2025, the Commercial Court of Lviv Oblast opened bankruptcy proceedings against the pharmaceutical manufacturer JSC “Galichpharm” based on claims by LLC “Sky-Development” in the amount of UAH 479.262 million. On April 21, 2025, Sky-Development LLC acquired from JSC “Bank ”Finance and Credit“ the rights to claims against JSC ”Galichpharm” under loan agreements and security agreements.
The investment company Sky-Development won an open auction organized by the Deposit Guarantee Fund and acquired the claims of the insolvent JSC Bank Finance and Credit under ten loan agreements with leading Ukrainian pharmaceutical companies: JSC “Galichpharm” and JSC “Kyivmedpreparat.” According to Sky-Development, the total amount of its claims exceeds UAH 3.5 billion.
For their part, Kyivmedpreparat and Galichpharm stated that the information disseminated by Sky Development Investment Company is “unreliable, manipulative, and shows signs of deliberate discrediting of the companies’ activities.” In particular, both companies denied having “multi-billion-hryvnia debts” to “Sky Development.” The pharmaceutical companies viewed the statements by “Sky Development” LLC as “an attempt to illegally and artificially create non-existent creditor debt for a possible future hostile takeover of the companies.”
