Volodymyr Kostiuk, Executive Director of “Farmak”, has ranked the best top managers in his field of work.
Volodymyr Kostiuk has been employed by “Farmak” since 2008 and appointed as the Executive Director in 2012. The strategic task of Volodymyr Kostiuk is to strengthen the positions of JSC “Farmak” in the international markets, expand the geography of presence and maintain the leading position in the Ukrainian market.
Today “Farmak” is growing rapidly. In 2018 the Company’s net profit was more than UAH 1 billion, 25% higher than in 2017. “Farmak” supplies to the domestic market and foreign partners with 75% and 25% of its products, respectively. Uzbekistan, Kazakhstan, Belarus, Poland, Germany and Bulgaria are among them. In 2018 the Company opened new markets: Australia, Greece and Libya. “Farmak” plans to increase its share of exports to 40% by 2023.
Last year the Company launched new manufacturing line of solid dosage forms, the most up-to-date and high-productive line in the country. In 2019, according to Kostiuk, “Farmak” plans to invest over USD 1 billion in development. These funds will be spent on further purchases of new manufacturing equipment for medicinal products.
Also, last year the Company brought 34 new stock items onto the market. According to the results of 2018, “Farmak” became the leader of “Affordable Drugs”, the government program reimbursement of life-saving medicinal products.
The book “Bude tobi nauka: ukrainski vcheni, yaki zminiuiut svit” (That’s science for you: Ukrainian scientists changing the world) and the corporate magazine Science inside won the Grand Prix of the competition “The Best Corporate Media of Ukraine 2020”. The competition experts also highly praised other projects of Farmak press service. The corp...
On November 5, 2020 the medicinal product was officially included in the List of Prequalified Medicinal Products by the World Health Organization (WHO) Prequalification of medicinal products is a procedure performed by the WHO to assess the quality, safety and efficacy of medicinal products. The inclusion of the medicinal product in the List of […]
Now eco-businesses can join the Eco-School and support students by funding their projects. The Eco-School continues to extend. An online platform has recently been launched where businesses can select and support students’ eco-projects, and the teams that have been trained and submitted their projects to participate in the competition but have not bee...