Hemofarm a.d.
Hemofarm a.d. (full legal name: "Hemofarm a.d." Farmaceutsko-hemijska industrija Vršac), a member of STADA Group, is a Serbian pharmaceutical company based in Vršac, Serbia. Founded in 1960, it is one of the largest domestic producer and exporter of medicines in Serbia. Hemofarm currently operates in more than 30 countries on 3 continents and has around 3,000 employees. The core activity represents the manufacture of Rx and OTC medicines and products. Portfolio includes over 140 INNs, with about 280 forms and dosage forms. History. Hemofarm was established on 1 June 1960 in Vršac. In 2003, it opened the  first factory for the production of medicine in entity Republika Srpska, Bosnia and Herzegovina. As of 2003, Hemofarm consisted of 21 subsidiaries, 12 of which were located in Serbia and rest in Montenegro. In 2004, the company acquired four other Serbian concerns, increasing its market share from 15% to 45% in the process. As of 2011, the company has a market share in terms of production and import of 30.7%. Hemofarm was bought by the German STADA Arzneimittel pharmaceutical group for 480 million euros in 2006. Since 9 August 2009 Hemofarm has been a member of the German STADA Group . In August 2016, Hemofarm bought the assets of a Serbian minor pharmaceutical company "Ivančić i sinovi" for undisclosed amount. Research and development. Hemofarm’s R&D division was established in 1990, and it has been recognized by STADA as a competence center for development of new generic products not only for local and regional markets, but also for the whole STADA Group. An intensive development of products intended for registration and sale in the demanding European Union market started in 2007.