Following the best practices, Farmak started reporting on the fulfillment of Corporate Social Responsibility (CSR) Action Plan. The first results can be found at http://farmak.ua/report
Farmak drafted the CSR Strategy in 2012 with consulting support from E&Y and started its implementing in 2013. The first report was delivered on free basis having the main objective to show the relation between the Company’s strategic CSR goals and actual steps towards their achievement.
The key Farmak’s CSR efforts in 2013 were focused on implementation of CSR practices in such areas as human resource management, environmental impact reduction, higher efficiency of social expenses, promotion of the principles of business ethics and more transparency in business.
Dina Nemyrovych, Chief Strategic Officer, Farmak JSC, says, “Sustainable development is a part of Farmak's business philosophy and social orientation is incorporated into our mission. The first CSR Report is for us not only a way to communicate with the stakeholders, but also a motive to set up the information acquisition system across the Company. Our future plans include regular delivery of more extensive CSR reports and focusing our efforts on making them more informative”.
According to the decision of economic courts of all instances (2009-2010), the name “Corvalol” (“Corvalolum”) was used exclusively by one manufacturer as the name of the medicinal product. Information that Corvalol was manufactured by 70 pharmaceutical enterprises of the USSR is not true. In the middle of 20th century, Lomonosov Kyiv Chemical and Pharmaceuti...
On October 30 the next court hearing was held in the case regarding the well-known trademark Corvalol Corvalolum. During the court hearing, after having heard the parties’ arguments and a complete and unbiased analysis of the case-file, the Economic Court ruled to dismiss the claim of Pharmaceutical Firm “Darnitsa” against the Ministry of Economic Deve...
Farmak was granted 7 awards in the contest “Best Corporate Media of Ukraine 2019” held by the Association of Corporate Media of Ukraine. The jury consisted of professionals granted the Grand Prix as the highest award to the corporate newspaper “Farmak Life” and the Company’s website. They were awarded with the title “Best Corpmedia Ukraine […]