During 2005, another step was made in the achievement of high standard technical support, aimed at improving the product development stage. Most notably, a state of the art product development laboratory became functional that year, and, together with our Bioequivalence Laboratory (developed together with the Medicine and Pharmacy University in Tirgu Mures) and our testing laboratory (functioning since 2000) – they constitute a fully functional, well-equipped system, guaranteeing the quality of the product development process.
Over the last years, several products developed by Gedeon Richter România Ltd. have been included in the group’s portfolio, thus enabling our company to enter external markets, such as Hungary, Russia, Moldavia and EU member states.
The last 3 years have been a period of accelerated development, when important investments has been made, both with regard to the manufacturing facilities and the vertical integration on the market.
In order to reconfirm the Gedeon Richter Group's position on the Romanian pharmaceutical market, the decision to vertically integrate the firm on the pharmaceutical market was made. In this respect, in 2006 there were significant acquisitions in the distribution area. The Gedeon Richter Group bought a series of pharmaceutical distributors, which merged under the name of Pharmafarm.
In the distribution field, one of our strategic objectives is to provide quality services, namely to continuously raise the quality standards through the implementation of a quality management system based on GDP (Good Distribution Practice) norms.
As the vertical integration in the market concept requires, one of the Gedeon Richter group's main development priorities is also the pharmaceutical retail segment. In this respect, in 2006 the Gedeon Richter Farmacia company was founded as a part of the Romanian group dealing with the retail activity. The latter has constantly developed over time, reaching 100 pharmacies nationwide, employing a total of over 500 skilled persons. The same preoccupation with quality is present in our approach to this particular segment, as we do our utmost to provide complex quality services.
Since July, 2007, a new pharmaceutical logistical centre has been functioning on the premises of Gedeon Richter. The centre spans over 14.000 sq. meters and provides new work opportunities, thus allowing the expansion of the Richter Group. 5.200 sq. meters are covered by a warehouse, 360 sq. meters by the office building. The logistical centre is one of the most significant achievements of the Gedeon Richter group.
In this center works both: store for Gedeon Richter România Ltd. pharmaceuticals and central warehouse belonging to the Pharmafarm distributor.