Orion Corporation (Finnish company) explained

Orion Corporation
Native Name:Orion Oyj
Native Name Lang:fi
Traded As:,
Location:Espoo, Finland
Key People:Liisa Hurme (President and CEO), Mikael Silvennoinen (Chairman)
Industry:Pharmaceutical industry
Products:Pharmaceuticals and active pharmaceutical ingredients
Revenue: €1.041 billion (2021)
Operating Income: €243.3 million (2021)
Net Income: €193.8 million (2021)
Assets: €1.114 billion (2021)
Equity: €747.9 million (2021)
Num Employees: 3,364 (2021)
Footnotes:[1]

Orion Corporation (Finnish: Orion Oyj), founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.[2]

Orion's class A and B shares are listed on the Helsinki Stock Exchange.

History

Orion was founded on September 21, 1917 by pharmacists Onni Turpeinen, Eemil Tuurala and Wikki Valkama. Before founding Orion, they worked in a pharmaceutical-chemical factory called Medica. The first premises of the new company were found in a courtyard building in Helsinki's Kruununhaka, Mariankatu 24, i.e. Asunto Oy Mars star. Among the first products of the apothecary were Ballistol gun oil and dulcine.[3] Pediatrician Arvo Ylppö played a significant role starting in the 1920s.[4]

Orion's diagnostics business was previously concentrated in the Orion Diagnostica profit unit, which was sold to a private equity investor in April 2018.[5] The diagnostics business included the development, manufacture and marketing of diagnostic tests and hygiene tests. Orion Diagnostica changed its name in November 2019 and is now Aidian.[6]

Notable products

The following are Orion's top-selling product lines as of March 2021.[7]

!Trade name!Generic name!Indication
Stalevo,Comtess/ ComtanEntacaponeParkinson's disease
Easyhalermulti-dose dry-powder inhaler for asthma.asthma, COPD
SimdaxLevosimendanacute heart failure
dexdordexmedetomidineintensive care sedative
Dexdomitordexmedetomidineanimal sedative
Domitormedetomidineanimal sedative
Domosedandetomidineanimal sedative
Antisedanatipamezolereversing agent
NubeqaDarolutamidenon-metastatic castration-resistant prostate cancer
SolometMethylprednisoloneinflammation
Divina serieshormone replacement against menopausal symptoms
FarestonToremifeneSelective estrogen receptor modulator
Buranaibuprofeninflammatory pain
Marevanwarfarinanticoagulant

External links

NASDAQ:

Notes and References

  1. https://www.orion.fi/globalassets/documents/orion-group/investors/interim-reports/2021/en_orion_fy_2021.pdf
  2. Web site: About Orion.
  3. Web site: Orionin virstanpylväitä 1910-luvulla . 2022-07-25 . www.orion.fi.
  4. Web site: Orionin vahva mies Arvo Ylppö . 2022-07-25 . www.ylppo.fi.
  5. Moran . Mark . 2018-05-18 . AJP Board Member Responds to NYT Story On Antidepressant Withdrawal . Psychiatric News . 53 . 10 . 10.1176/appi.pn.2018.5b14 . 0033-2704.
  6. Web site: Orion Diagnostica on nyt Aidian . 2022-07-25 . Aidian . fi-FI.
  7. https://www.orion.fi/globalassets/documents/orion-group/investors/interim-reports/2021/en_orion_q1_2021_slides.pdf