The story
Hemofarm was established on 1 June 1960 in Vršac. In 2003, it opened the first factory for the production of medicine in entity Republika Srpska, Bosnia and Herzegovina. As of 2003, Hemofarm consisted of 21 subsidiaries, 12 of which were located in Serbia and the rest in Montenegro.
In 2004, the company acquired four other Serbian pharmaceutical companies, increasing its market share from 15% to 45%. As of 2011, the company had a market share in terms of production and import of 30.7%.
Hemofarm was bought by the German STADA Arzneimittel pharmaceutical group for 480 million euros in 2006. Since 9 August 2009, Hemofarm has been a member of the German STADA Group.
In August 2016, Hemofarm bought the assets of a minor Serbian pharmaceutical company, "Ivančić i sinovi", for an undisclosed amount.
From Wikipedia’s article on Hemofarm, shared under CC BY-SA 4.0.3