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 producers and exporters 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. The portfolio includes over 140 International Nonproprietary Names (INNs),[3] 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 the rest in Montenegro.[4]
In 2004, the company acquired four other Serbian pharmaceutical companies, increasing its market share from 15% to 45%.[5]