PharmaFarm: over 15% growth

The management of Cluj-based PharmaFarm, the national drug distributor, estimates the drug market will see a 12-15% increase this year, but company representatives expect the trend of their own financial indicators to surpass the market growth. “We are very much dependent on the stability of the health care system, but we estimate to see an increase superior to that of the market. The main source of growth for the market will be patent drugs, which we think will generate the trend of the market, mainly based on health programmes. Generic drugs will also contribute to the market growth,” Lucian Codreanu, general manager of PharmaFarm told ZF Transilvania. Development plans of the drug distribution company PharmaFarm for 2007 target, amongst other things, the development of its portal for electronic orders – E-PharmaFarm; the company intends to collaborate with up to 500 drugstore clients through this portal. Currently, the company’s portfolio includes 2,800 drugstores.