Romanian Pharmaceutical Sector -Between Challenges, Opportunities and Market Threats. Legal Aspects of the Trading of Listed Companies

Ştefăniţă ŞUŞU () and Eugenia-Gabriela Leuciuc ()
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Ştefăniţă ŞUŞU: "Stefan cel Mare" University of Suceava, Faculty of Economic Sciences and Public Administration Suceava, Romania
Eugenia-Gabriela Leuciuc: "Stefan cel Mare" University of Suceava, Faculty of Economic Sciences and Public Administration Suceava, Romania

Chapter 9 in The 14th Economic International Conference: Strategies and Development Policies of Territories: International, Country, Region, City, Location Challenges | May 10-11, 2018 | Stefan cel Mare University of Suceava, Romania, 2018, vol. 6, pp 83-89 from Editura Lumen

Abstract: Companies operating in the health and medical sciences will face this year not only with the challenges of an increasingly globalized market, but also with specific problems, both regional and national. While other large sectors, such as the food industry, are poorly represented on the Romanian stock market, the pharmaceutical sector is represented by the following six companies: Antibiotics, Biofarm, FarmaceuticaRemedia, MedLife, Zentiva and Ropharma. During 2014-2016, these companies recorded oscillatory developments in sales and the net result of the year, as a result of the price reduction for drugs, the need for law to separate wholesale distribution from wholesale, a significant reduction in discounts to distributors, with an importan negative impact on their margin. Globally, the pharmaceutical market is estimated to over $ 1 trillion,according the outcomes in 2016, while the top 15 companies accounting represent about 40% of the total.

Keywords: Capital market; shares; open-end joint-stock companies (search for similar items in EconPapers)
JEL-codes: F2 F3 H7 O1 O3 (search for similar items in EconPapers)
Date: 2018
ISBN: 978-1-910129-18-0
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Persistent link: https://EconPapers.repec.org/RePEc:lum:prchap:06-09

DOI: 10.18662/lumproc.64

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