Orifarm Explained

Orifarm
Formation:1994
Founder:Brigitte and Hans Bøgh-Sørensen
Headquarters:Odense, Denmark
Subsidiaries:Pilatus Comparator Solutions
Website:https://www.orifarm.com/

Orifarm (founded 1994) is a Danish pharmaceutical company[1] [2] based in Odense.[3] [4] [5]

History

Orifarm is a family-owned company established in 1994 by Hans Bøgh-Sørensen and his wife Birgitte Bøgh-Sørensen.[6] [7]

Orifarm entered the market in 1995 with a portfolio of 25 products and 9 employees. Since then, the company has experienced significant growth and currently employs approximately 2,200 colleagues across multiple locations in Europe and the United States.[8]

In 1997, Orifarm expanded into Sweden, marking its first presence in a European market beyond Denmark. By 2014, Orifarm entered the Dutch market, establishing its sixth sales office in Europe.[9] [10]

In 2019, Orifarm extended its operations beyond Europe by acquiring Pilatus Comparator Solutions, a company active in the United Kingdom, Germany, and the United States.[11]

In 2020, the company bought a part of Takeda Pharmaceutical Company (Japan) and the[12] [13] rights to a number of over-the-counter and prescription medicines for DKK 4.6 billion (670 USD).[14] [15] Through this acquisition, Orifarm also gained control of two production facilities in Lyskowice, Poland, and Hobro, Denmark.[16]

2021 marked significant progress for Orifarm. The company’s revenue increased by 27%, equivalent to EUR 10,54 billion Danish kroner (EUR 1,417 billion) . Operating profit also rose by 39%, reaching 413 million Danish kroner (EUR 55,3 million).[17]

Notes and References

  1. Web site: 101 Top Health Care Startups and Companies in Denmark (2021) .
  2. Web site: PIL error: Orifarm Concerta XL Dispensing Doctor Association . 2024-03-26 . www.dispensingdoctor.org.
  3. Web site: Tirumalaraju . Divya . 2020-04-24 . Takeda to sell OTC and non-core assets to Orifarm for $670m . 2024-03-26 . Pharmaceutical Technology . en-US.
  4. Web site: 2021-01-12 . Information management platform startup M-Files raises $80M . 2024-03-26 . SiliconANGLE . en-US.
  5. Web site: Takeda Sells OTC Drugs to Denmark’s Orifarm CHEManager . 2024-03-26 . www.chemanager-online.com.
  6. Web site: The year our onboarding reached new heights - Orifarm . 2024-03-26 . www.orifarm.com . en-US.
  7. Web site: How an acquisition helped Orifarm prepare a prescription for growth . 2024-03-26 . www.ey.com . en-GL.
  8. Web site: 2022-04-19 . Orifarm ansætter flere og bygger nyt: Milliard-opkøb af japansk gigant var en større mundfuld end ventet fyens.dk . 2024-07-01 . fyens.dk . da.
  9. Web site: How an acquisition helped Orifarm prepare a prescription for growth . 2024-03-26 . www.ey.com . en-SE.
  10. Web site: 2019-05-29 . Ny direktør bestod: Fynske Orifarm har aldrig tjent mere fyens.dk . 2024-03-26 . fyens.dk . da.
  11. Web site: 2020-03-25 . Orifarm has high hopes for new business arm - may be the key to the US market . 2024-07-01 . medwatch.dk . da.
  12. Web site: Nawrat . Allie . 2020-04-28 . Takeda-Orifarm deal: another divestiture for the Japanese pharma giant . 2024-03-26 . Pharmaceutical Technology . en-US.
  13. Web site: Wessel . Lene . 2022-06-10 . HR-direktør om onboarding af 900 medarbejdere: "Hold øje med de bløde ting" PeopleTech (PRO) . 2024-03-26 . ing.dk . da.
  14. Web site: 2021-03-24 . Konkurrencerådet griber ind i Orifarms overtagelse af dele af Takeda . 2024-03-26 . www.kfst.dk . da.
  15. Web site: Large multimillion Euro acquisition - Orifarm . 2024-03-26 . www.orifarm.com . en-US.
  16. Web site: 2020-04-24 . Orifarm køber lægemidler og fabrikker af Takeda for 4,6 mia. kr. . 2024-07-01 . medwatch.dk . da.
  17. Web site: 2022-07-04 . Orifarm i stor fremgang - omsætningen runder 10 mia. kr. . 2024-07-01 . medwatch.dk . da.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Orifarm".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.