Biofarm (BVB: BIO), the second pharma company to join ARIR

21/10/2020 / Comments Off on Biofarm (BVB: BIO), the second pharma company to join ARIR

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The Romanian Investor Relations Association (ARIR) is delighted to announce that Biofarm (BVB: BIO) becomes Associate Member of ARIR. Biofarm is one of the first drug manufactures in Romania, founded 100 years ago by merging several pharmaceutical companies. Biofarm shares are listed on the Bucharest Stock Exchange since January 2005 and they are included in the Premium category.

Cătălin Vicol, CEO, Biofarm:
”We strongly believe that constant dialogue with all stakeholders strenghtens investors’ trust both in the potential of the company and also in the general business environment. We celebrate 100 years of existence, 100 years in which we accumulated expertise for the continuous development of the company and of the pharmaceutical industry in Romania. The association with ARIR underlines once more our commitment to have high corporate governance standards, to constantly improve investor relations and to open dialogue.”

Daniela Șerban, ARIR President & Co-Founder:
”ARIR community has gained a new valuable member – Biofarm. The new collaboration shows the trust that we enjoy in the market and the magnitude of the our activities. The expertise of the Romanian companies in the pharmaceutical sector is internationally recognized and we are glad to see their constant concern for increasing visibility in the capital market. Through ARIR’s projects we aim to bring listed companies in the spotlight, to show their potential and contribution to the development of the Romanian economy. ”

Biofarm is one of the most important drug producers in Romania, present in 12 countries globally. Its porftolio includes over 200 products covering 61 therapeutical areas, the company being positioned in the market as the most important Romanian manufacturer of soft gelatin capsules. Biofarm is market leader in 11 therapeutic areas and the company’s traditional brands such as Colebil, Triferment and Bixtonim are top-selling products.

Biofarm joins an elite group of companies, members of the Association, such as Bucharest Stock Exchange, ALRO, Antibiotice, Banca Transilvania, BRK Financial Group, Electrica, Electromagnetica, Franklin Templeton – București, Hidroelectrica, Idea Bank, Nuclearelectrica, OMV Petrom, Purcari, TeraPlast, Transelectrica and Transgaz.

ARIR members have access to exclusive content for the implementation of best practices in Investor Relations and Corporate Governance, and trainings tailored to their needs and IR objectives, participate at projects aimed to develop the capital market. In ARIR are invited to join: as Associate Members – listed companies, pre-IPO or bond issuers, as Affiliate Members – other companies than the listed ones, pre-IPO or bond issuers, and as Professional Members – individuals with experience in investor relations.

ARIR was founded at the initiative of Daniela Șerban in November 2018 together with the founding members: Bucharest Stock Exchange (BVB), ALRO, Electromagnetica, Franklin Templeton Management – Bucharest office, Hidroelectrica, Nuclearelectrica, TeraPlast, Transelectrica, Cosmin Răduță and Tony Romani. Electrica, OMV Petrom, Antibiotice, Purcari, Idea Bank, BRK Financial Group, Banca Transilvania and Transgaz joined the community as Associate Members. INNOVA Project Consulting, ENVISIA, RTPR and Intercapital Invest became Affiliate Members.