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 Company was awarded for the projects aimed at raising the environmental awareness of the society and implementing the latest technologies and innovative approaches. The major projects are: “Eco-School”, “Farmak: Run For Your Health”, etc. The purpose of the Eco-School project is to unite and create a community of young environmental activists, promote en...
Recently, a number of unscrupulous Ukrainian media distributed fake information that Farmak was investigated in the criminal probe in the Republic of Moldova. The National Anti-Corruption Center of the Republic of Moldova refuted this information. “As regards Farmak JSC, no criminal case was initiated in relation to Public Tender No. 180358 on 30.11.2...
According to the results of the 20th contest of professionals in the pharmaceutical industry of Ukraine “Panacea”. Farmak was announced as a winner nominated as “The Company of the Year” during the awards ceremony of the 20th competition of professionals in the pharmaceutical industry of Ukraine “Panacea 2019” which was held on September 18. “The […]