04.09.2013

The priority of the new owner of pharmaceutical producer Labormed, Alvogen, is to make the company less reliant on the Romanian market, says Laurentiu Scheusan, Alvogen’s executive vice president of more

04.03.2013

Over 560 medicines exited the Romanian market in 2012, more than double on the year, while new medicine registrations rose 12.6% to 1,132, mainly cardiovascular, nervous system and cancer drugs, the more

01.17.2013

Parallel exports of medicines reached an alarming level last year, of EUR1.3-1.5 billion, half of the value of Romania’s drug market, encouraged by a degraded business environment, Dragos Damian, more

10.29.2012

Compensated medicines in Romania rise to 6,415 million lei (EUR1.4 billion), which represents 60% of medicines sold with prescription, and costs would increase by just 1.5% if compensated drug lists more

08.24.2012

The Association of Romanian Producers of Generic Drugs (APMGR) rejects the new clawback tax approved by the Government Thursday, arguing that authorities continue to ignore the propositions made by more

06.14.2012

The average price of a pack of pills has doubled since 2005, reveals a ZF analysis based on the data provided by market research company Cegedim Romania. more

05.28.2012

Romania’s Government said it will continue to apply the clawback tax in the pharmaceutical industry to avoid amassing new arrears in the sector, according to its latest letter of intent to the more

05.28.2012

Romanian drug producers said Monday they cannot pay the clawback tax, which might bring some EUR400 million to the state budget this year, or 33.6% of producers’ discounted drug sales. more

05.24.2012

Indian drug producer Dr. Reddy’s, with turnover of around $2 billion, is interested in acquisitions in Romania as part of its growth strategy on the local market, with a $50 million turnover planned more

05.18.2012

The Romanian medicine market increased to 2.93 billion lei (EUR659.5 million) in the first three months of the year, up 21.6% compared with the same interval of 2011, according to market research more

03.27.2012

The Romanian Government Tuesday approved a bill allowing the University of Medicine in Targu-Mures to set up a Hungarian teaching division, Education Minster Catalin Baba said after the Cabinet more

03.08.2012

The Romanian Health Ministry will sign a collaboration protocol with state-run drugmaker Antibiotice Iasi and company Unifarm to acquire 34 cheap cancer medicines that are not available on the more

02.28.2012

Belladonna, the latest chain that started to make its presence felt on the drug retail market in Bucharest, set out to open 17 pharmacies this year, which would take the network to 74. more

02.23.2012

Romania's Government has allotted 750,000 lei (EUR172,000) for the urgent purchase of morphine necessary for the treatment of cancer patients. more

02.22.2012

Businessman Eugen Banciu, who according to the latest information holds 40% in Romanian drug wholesaler Farmexpert, could sell some more of his shares, by exercising an older contractual clause. more

02.21.2012

Drug wholesaler Polisano, controlled by Sibiu-based businessman Ilie Vonica, last year posted sales of EUR294 million, up 19% against 2010, and in line with its initial forecast. But matched against more

02.10.2012

The Romanian pharmaceutical market reached EUR2.55 billion in 2011, up 11.5% on the year, according to market research company Cegedim. Sales of drugs rose by almost 30% in the fourth quarter of 2011, more

12.08.2011

Octavian Iacob, who in September was recruited by drug distributor ADM Farm as chief executive officer, is optimistic about the company’s results this year, which could be better than the initial more

11.21.2011

Romania's Senate on Monday adopted a bill concerning medical and dentist practices in public and private schools. more

11.11.2011

Drug sales leaped significantly in the third quarter of the year, rising by nearly 14% in value against the similar period of 2010, to 2.74 billion lei (EUR643 million), according to data from market more

10.28.2011

Pharmaceutical companies have asked the International Monetary Fund to urge Romania's Government to reduce the clawback tax to zero for generic drugs, allow at least 210 days for its payment and no more

10.21.2011

Malfunctions on the Romanian medicine market block the activity of small distributors and limit sales of cheaper drugs to below 1% of the total value of the market, show the results of an more

10.21.2011

Romania’s pharmaceutical market is a market of contrasts. On the one hand it is extremely unpredictable, which makes it impossible to know whether one will get good or bad news tomorrow, and on the more

09.22.2011

The drug market grew by 6.2% (5.6% in euro terms) in the first seven months of the year, to 6.1 billion lei (EUR1.45 billion), according to data from market research company IMS Health. 4.6% more more

08.31.2011

The head of Romania’s National Medicine and Medical Devices Agency, Daniel Boda, has been indicted for having allegedly accepted EUR5,000 as bribe to authorize a drug distributor that had had its more