Business news from Ukraine


22 March , 2022  

The losses of pharmaceutical company Farmak (Kyiv) due to a fire in a warehouse that occurred at the beginning of the war amounted to about UAH 1.5 billion.

“The warehouses of Farmak, where there were ready-made medicines, raw materials for medicines, primary packaging, were burned to the ground by the occupiers in the first days of the war. According to general estimates, the losses amounted to about UAH 1.5 billion,” the company said on its Facebook page.

The company also said that currently 87 of its employees defend Ukraine in the ranks of the Armed Forces of Ukraine or territorial defense.

From December 2021, Farmak and the Charitable Foundation of Zhebrivskykh Family have donated more than UAH 12 million to support the Armed Forces of Ukraine, medical institutions and the civilian population, including about UAH 9 million in medicines.

In addition, the company announces an agreement with its foreign partners on humanitarian supplies of critically important medicines, in which Farmak provides logistics. Some of these deliveries worth EUR 1 million have already been unloaded in Ukraine.

“This is only half of the already confirmed deliveries. This is what makes it possible to fill the warehouses of the Public Health Center of the Ministry of Health with everything necessary,” the company said.

Farmak said that the company is currently “working on the issue of reducing the shortage of medicines on the Ukrainian market using internal resources.”

The company said that since the beginning of the open armed aggression of the Russian Federation against Ukraine, Farmak has not made a single shipment of medicines to Russia and the Republic of Belarus. In particular, on February 24, Farmak donated a truck with medicines worth $200,000, which were preparing for shipment to Belarus, to the needs of Chernihiv.

“We cleared it back and handed it over to the needs of the city of Chernihiv, which was one of the first to be attacked by the Russian military,” the company said.

Farmak recalled that its representative office in the Russian Federation was curtailed back in 2014.