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.
Growth of the global economy and the related high business activity will lead to an increase in demand for business trips. This forecast has been published by the Global Business Travel Association (GBTA). According to The Uriadovy Kurier, pharmacists are the main business tourism consumers in Ukraine. Farmak follows the global trend Farmak comprehensively c...
JSC “Farmak” will launch Eco-School, the single educational Internet platform, based on methodological materials approved by the Ministry of Education and Science of Ukraine from the beginning of the academic year. Eco-School is about to cover the whole territory of Ukraine and is becoming online. Due to the new Internet platform launched by Farm...
At the end of June, the European database EudraGMDP has been replenished with new GMP certificates that were issued by the regulatory authority of Poland to JSC “Farmak” for 2 manufacturing sites and a new storage site put into operation in the beginning of 2019. The planned recertification of 2 manufacturing sites confirmed their compliance […]