Farmacom, 23.5m euros from drug distribution

Brasov-based Farmacom, specialising in drug distribution, estimates a 23.5 million-euro (80 million-RON) turnover, up 25% against 2006, when this indicator stood at around 18.8 million euros (65.9 million RON). According to company management, production was resumed in December last year, a few months later than Farmacom representatives had expected. “We completed the production facility and acquired all the necessary equipment at the beginning of last year, but authorisation procedures by the ANM (The National Medicines Agency) lasted longer than we had expected,” Romeo Fieraru, general manager of Farmacom, told ZF Transilvania. According to Fieraru, the production line will specialise in manufacturing parapharmaceuticals. The company currently produces four types of drugs and this year is estimated to witness sales of around 440,000 euros (1.5 million RON). “We hope to secure a licence to produce another four types of drugs this year. We have submitted all the necessary documentation and in a few months time we will have all our answers,” specified Romeo Fieraru.