Business news from Ukraine

UKRAINIAN PHARMACEUTICAL COMPANY FARMAK INCREASES SALES, KEEPS POSITION OF INDUSTRY LEADER

3 August , 2018  

PJSC Farmak (Kyiv), one of the three leaders of the Ukrainian pharmaceutical industry, in the first half of 2018 increased pharmacy sales by 17.4%, to UAH 2.232 billion. According to a press release of the pharmaceutical company, with reference to a study by Proxima Research, thus, Farmak for the eighth consecutive year has been leading the rating of marketing organizations in the pharmaceutical market of the country in January-June 2018.
As reported, Farmak in January-March 2018 increased sales of medicines by 18.35% compared to the same period in 2017, to UAH 1.1 billion.
In 2017 Farmak raised sales in the retail pharmaceutical market of the country by 21% in monetary terms. Its net profit increased by 29.9%, to UAH 839.09 million.
Over the past seven years, the company has allocated UAH 2.8 billion for the development and modernization of production.
PJSC Farmak exports its products to 20 countries. The company’s portfolio includes 220 product dossiers. Annually, it brings to the market up to 20 new medicines.

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