The strategic goal of Farmak JSC is to expand exports to the EU and to enter new markets
Imposition of sanctions on Farmak JSC will not affect the company’s strategy and operations.
Farmak JSC represents our state with dignity in the international arena: the company’s products are marketed in more than 20 countries of the world. Farmak’s products enjoy strong demand on exports markets due to high quality, efficacy, and safety.
To date, Farmak JSC supplies products to Poland, Bulgaria, Latvia, Lithuania, Germany, and Slovakia. This year, Farmak JSC started exporting products to Australia and Libya.
The company’s strategic goal is to increase exports to 40% over the next five years, primarily by expanding sales to Europe and exploring new markets. Farmak JSC will continue to develop its presence on the EU markets. The company intends to focus its attention on German and UK markets – the largest in the region. South-East Asia, in particular, Vietnam, Indonesia, and the Philippines, is also one of the priority directions for the company’s business development.
The pharmaceutical company JSC “Farmak” considers the possibility of launching the manufacture of products, in particular, diagnostic test kits, to combat coronavirus spread. “Now we analyse the possibility of arranging the release of supportive care products, disinfectants and antiseptics, diagnostic test kits, protective medical products, including masks, ...
Farmak reinvests 95% of its profits in the development. “We have never paid more than 5% of our profits as dividends. We have reinvested everything in the development. Due to this, Farmak’s capitalization can be estimated at $850 million to $1 billion today. If I sell the shares that I hold, I will earn a […]
The Memorandum is aimed at developing the mutual cooperation in the implementation of the state programs of the Republic of Uzbekistan for the further development of the national pharmaceutical industry. “We know the Uzbek market well and we are committed to develop cooperation. Farmak has been present in Uzbekistan since 2004. The residents of this [&hellip...