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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 08:24

Olainfarm has received Russia's Good Manufacturing Practice certificate

BC, Riga, 02.11.2020.Print version
Latvian Olainfarm pharmaceutical company has received Russia's Good Manufacturing Practice (GMP) certificate, LETA learned from the company.

The certificate ensures that the company is able to continue work in Russia, which is one of the company's significant export markets.


The certificate has been issued for a term of three years.


Olainfarm board member Milana Belevica said that in 2019, Olainfarm sold 32 percent of its products in Russia.


As reported, Olainfarm Group’s audited net turnover in 2019 increased 10.4 times on year and reached EUR 137.219 million, while audited profit grew 2.2 times to EUR 23.628 million.


Olainfarm makes medicines, food supplements, active pharmaceutical ingredients and chemical substances. Olainfarm shares are quoted on the Main List of the Nasdaq Riga stock exchange.






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