Orifarm

Last updated
Orifarm
Formation1994
FounderBrigitte and Hans Bøgh-Sørensen
HeadquartersOdense, 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]

Contents

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 [3] [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]

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References

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

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