The profit generated by the Swiss pharmaceutical company Novartis in the Czech Republic dropped last year by 23.5%, reaching CZK 16.6m (€0.67m), according to Medical Tribune. In contrast, its revenues in the Czech Republic were up by 3.8% y-o-y, totalling CZK 3.6bn (€145.2m).
The majority of the sales were generated by the Pharma Division. Sales of OTC drugs accounted for less than a fifth.
Novartis has forecast similar revenues for 2010, in particular because of the influx of new generic drugs onto the market and lower drug reimbursement levels. The company hopes to offset these negative factors with new drug launches.
Novartis conducts its activities in 140 countries, with around 97,000 staff worldwide. In 2009 Novartis employed 239 staff in the Czech Republic.
1 year subscription to internet service providing market news and analytical articles
Central Europe Pharma Online provides news, articles and market data on the pharmaceutical market in Bulgaria, Czech Republic, Hungary, Romania, Poland and Slovakia, from manufacturers and distributors to medical devices and research developments. Over 70 industry updates, covering manufacturers and distributors, medical news and research developments, together with news on laws and regulations governing the pharmaceutical sector are added on a regular basis. For timely news delivery, custom newsletters can be sent directly to your e-mail account, with content personalisation.
Subscription 1 year
Language: English
Delivery: online access
12-month subscription (26 issues of biweekly news)
Central Europe Pharma News is a bi-weekly newsletter delivered in PDF format directly to your inbox. Each edition of the newsletter delivers news and analysis of the pharmaceutical sector in Bulgaria, Czech Republic, Hungary, Romania, Poland and Slovakia, including an in-depth feature on the pharmaceutical industry in the Central & Eastern Europe region written by PMR market analysts. A list of upcoming events relevant to the region and a company index are included in every issue.
Date: Periodic publication
Language: English
Delivery: PDF file
PMRis a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). Being present on the market since 1995, employing highly skilled staff, offering high international standards in projects and publications, providing one of most frequently visited and top-ranked websites, PMR is one of the largest companies of its type in the region.
PMR Online Access
Browse and search in our archive »
Subscribe to PMR RSS NEWS channels » 
