The distributor posted a profit worth RON 3.4 mln (some €0.8 mln) in this year’s first three months, after registering significant losses last year, due to regulatory problems for imported medicines, which make up most of the pharmaceutical market.
The prices of medicines, which are being set by the Ministry of Health, have not been updated in conformity with the evolution of the exchange rate, because this would have meant higher prices. This led to low margins, even negative margins for distributors of medications, most of whom were in the red at the end of last year.
For 2009, Farmexim estimates total net sales worth RON 725 mln (some €174.5 mln), up 20 percent year-on-year, and targets third place on the Romanian medication distribution market.
