Hemofarm Group

Hemofarm Group

Infobox_Company
company_name = Hemofarm Group

type = Private
foundation = 1960
location = Vršac, Serbia
num_employees = 3,500
industry = Pharmaceuticals
products = Pharmaceuticals, Prescription drugs
revenue = profit
homepage = [http://www.hemofarm.com/ Hemofarm.com]

Hemofarm Group is amongst the largest pharmaceutical companies in Serbia accounting for 45 percent of total sales in 2004. [ [http://books.google.com/books?id=dduTMrBQxBsC "Doing Business with Serbia"] By Marat Terterov, Consultant Editor, Marat Terterov, Inc NetLibrary; Published by GMB Publishing Ltd, 2006; ISBN 1905050682, 9781905050680.]

History

The Hemoform Group was founded in 1960 in Vrsac. In 2003 they opened the first irst factory for the production of medicine in the Republika Srpska. As of 2003 Hemoform consisted of 21 companies, 12 of which were located in Serbia and Montenegro. [cite web |url=http://www.accessmylibrary.com/coms2/summary_0286-22517946_ITM |title=Bosnian Serb , Serbian premiers inaugurate pharmaceutical plant. |accessdate=2008-10-02 |date=February 21, 2003 |publisher=Asia Africa Intelligence Wire]

In 2004, the company acquired four other Serbian concerns, increasing its market share from 15% to 45% in the process. [ [http://books.google.com/books?id=dduTMrBQxBsC "Doing Business with Serbia"] By Marat Terterov, Consultant Editor, Marat Terterov, Inc NetLibrary; Published by GMB Publishing Ltd, 2006; ISBN 1905050682, 9781905050680.]

The company was recently privatized and bought by German STADA Arzneimittel in 2006. [http://www.hemofarm.com/DesktopDefault.aspx?TabID=3454&Alias=hemofarm&Lang=en] [http://www.aapsyu.org/LKhemofarmE.htm]

ubsidiaries

Hemofarm holds smaller subsidiaries across Serbia such as [http://www.zorkapharma.com/ Zorka Pharma A.D.] and [http://www.fondacija.hemofarm.com/ Fondacija Hemofarm] as well as business centers in Belgrade, Novi Sad, Kragujevac and Niš. [http://www.hemofarm.com/DesktopDefault.aspx?TabID=3436&Alias=hemofarm&Lang=en] They also sponsor the KK Hemofarm basketball team. [cite web |url=http://sports.espn.go.com/nba/story?id=1586626 |title=Hemofarm Vrsac says it has Piston through 2009 |accessdate=2008-10-02 |date=July 29, 2003 |publisher=ESPN]

References


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