Orion Corporation (Finnish company)

Last updated

Orion Corporation
Native name
Orion Oyj
Company type Julkinen osakeyhtiö
Nasdaq Helsinki:  ORNAV, ORNBV
Industry Pharmaceutical industry
Founded21 September 1917;107 years ago (1917-09-21)
Headquarters Espoo, Finland
Key people
Liisa Hurme (President and CEO), Mikael Silvennoinen (Chairman)
Products Pharmaceuticals and active pharmaceutical ingredients
RevenueDecrease2.svg €1.041 billion (2021)
Decrease2.svg €243.3 million (2021)
Decrease2.svg €193.8 million (2021)
Total assets Decrease2.svg €1.114 billion (2021)
Total equity Increase2.svg €747.9 million (2021)
Number of employees
Increase2.svg 3,364 (2021)
Website www.orion.fi/en
Footnotes /references
[1]

Orion Corporation (Finnish : Orion Oyj), [2] [3] 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. [4]

Contents

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. [5] Pediatrician Arvo Ylppö played a significant role starting in the 1920s. [6]

Orion's diagnostics business was previously concentrated in the Orion Diagnostica profit unit, which was sold to a private equity investor in April 2018. [7] 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. [8]

Notable products

The following are Orion's top-selling product lines as of March 2021. [9]

Trade nameGeneric nameIndication
Stalevo,Comtess/ Comtan Entacapone Parkinson's disease
Easyhalermulti-dose dry-powder inhaler for asthma. asthma, COPD
Simdax Levosimendan acute heart failure
dexdor dexmedetomidine intensive care sedative
Dexdomitor dexmedetomidine animal sedative
Domitor medetomidine animal sedative
Domosedan detomidine animal sedative
Antisedan atipamezole reversing agent
Nubeqa Darolutamide non-metastatic castration-resistant prostate cancer
Solomet Methylprednisolone inflammation
Divina series Estradiol valerate and Medroxyprogesterone acetate hormone replacement against menopausal symptoms
Fareston Toremifene Selective estrogen receptor modulator
Burana ibuprofen inflammatory pain
Marevan warfarin anticoagulant

Related Research Articles

Valmet Oyj, a Finnish company, is a developer and supplier of process technologies, automation systems and services for the pulp, paper, energy industries. Flow control serves a wider base of process industries.

<span class="mw-page-title-main">Espoo</span> Second-most populous city in Finland

Espoo is a city in Finland. It is located to the west of the capital, Helsinki, in southern Uusimaa. The population is approximately 319,000. It is the 2nd most populous municipality in Finland. Espoo is part of the Helsinki Metropolitan Area, which has approximately 1.6 million inhabitants. Espoo is on the northern shore of the Gulf of Finland and borders Helsinki, Vantaa, Kirkkonummi, Vihti and Nurmijärvi. The city includes the enclave of Kauniainen. Espoo covers an area of 528 square kilometres (204 sq mi). Espoo is a bilingual municipality with Finnish and Swedish as its official languages. The population consists of 70% Finnish speakers, 6% Swedish speakers, and 24% speakers of other languages, well above the national average.

<span class="mw-page-title-main">UPM (company)</span> Finnish forest industry company

UPM-Kymmene Oyj is a Finnish forest industry company. UPM-Kymmene was formed by the merger of Kymmene Corporation with Repola Oy and its subsidiary United Paper Mills Ltd in 1996. UPM consists of six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. The Group employs around 17,000 people and it has production plants in 11 countries. UPM shares are listed on the NASDAQ OMX Helsinki stock exchange. UPM is the only paper company which is listed in the global Dow Jones Sustainability Index and also a member of the United Nations Global Compact organization.

Outokumpu Oyj is a group of international companies headquartered in Helsinki, Finland, employing 10,600 employees in more than 30 countries. Outokumpu is the largest producer of stainless steel in Europe and the second largest producer in the Americas. Outokumpu also has a long history as a mining company, and still mines chromium ore in Keminmaa for use as ferrochrome in stainless steel. The largest shareholder of Outokumpu is the Government of Finland, with 26.6% ownership, including the shares controlled by Solidium, The Social Insurance Institution of Finland, Finnish State Pension Fund and Municipality Pension Agency.

Fiskars Group, is a Finnish consumer goods company founded in 1649 in Fiskars, a locality now in the town of Raseborg, Finland, about 100 kilometres (62 mi) west of Helsinki. It is one of the oldest continuously operating companies in the World. Fiskars' global headquarters are located in the Keilaniemi district of Espoo, near Helsinki.

<span class="mw-page-title-main">Neste</span> Finnish oil company

Neste Oyj is an oil refining and marketing company located in Espoo, Finland. It produces, refines and markets oil products, provides engineering services, and licenses production technologies. Neste has operations in 14 countries.

<span class="mw-page-title-main">Ponsse</span> Finnish company manufacturing forestry vehicles and machinery

Ponsse Plc is a company domiciled in Finland that manufactures and markets a range of forestry vehicles and machinery such as forwarders and harvesters. The Ponsse company was established by the forest machine entrepreneur Einari Vidgrén in 1970. Today, Ponsse's machines are used at logging sites in approximately 40 countries, and 80 per cent of the company's net sales come from exports. All machines are manufactured in the company's birthplace in Vieremä. Ponsse Group employs more than 1,800 people in 10 countries, and the company's shares are quoted on the NASDAQ OMX Nordic List.

<span class="mw-page-title-main">Kemira</span> Finnish chemicals company

Kemira Oyj is a chemical industry group headquartered in Helsinki, Finland. The company was established in 1920 and has developed into a global leader in its two main segments, Industry&Water and Pulp&Paper. Full history including a history video can be found on the company's website.

<span class="mw-page-title-main">Huhtamäki</span> Finnish consumer packaging company

Huhtamäki Oyj is a global food packaging specialist, headquartered in Espoo, Finland. Its products include paper and plastic disposable tableware, such as cups, plates and containers for quick service restaurants, coffee shops, retail stores, caterers and vending operators. The company provides coated paper cups for fast food chains such as Burger King, as well as flexible packaging and labels for food and drink, pet food, pharmaceuticals, household and hygiene brands. Huhtamaki also makes egg cartons and trays, fruit trays and cup carriers.

Ahlstrom Oyj is a manufacturer of fiber-based products. Renewable fibers represent about 95% of Ahlstrom's total fiber use.

<span class="mw-page-title-main">DNA Oyj</span> Finnish telecommunications company

DNA Plc is a Finnish telecommunications company. It was founded in 2000, and refounded in 2007 after a merger.

Outotec Oyj was a Finnish company, headquartered in Espoo, aimed at providing technologies and services for the metal and mineral processing industries. In 2020, Outotec merged with Metso Minerals and new company is called Metso Outotec.

Teleste Oyj is an international technology group in broadband, security and information technologies and related services. The company's customer base consists of data communications operators, train manufacturers, public transport operators, and public sector organizations.

Uponor Oyj is a Finnish company that sells products for drinking water delivery, radiant heating and cooling. With approximately 3,700 employees, its head office is located in Helsinki, Finland.

Biohit Oyj is a Finnish company which develops, manufactures, and markets biotech and diagnostics products for use in research and health care.

<span class="mw-page-title-main">Metsä Group</span>

Metsä Group is a Finnish forest industry group present in about 30 countries. Metsä Group's core businesses are tissue and cooking papers, board, pulp, wood products as well as wood trade and forestry services. Metsä Group's sales totalled EUR 6.0 billion in 2021, and it employs approximately 9,500 people.

Huhtamaki PPL Limited or HPPL is an Indian multinational company specializing in flexible packaging and packaging solutions, founded in 1935 in Lahore. In 1999, the company became part of Huhtamäki Oyj, Finland. It has been involved in the field of packaging for over 80 years.

<span class="mw-page-title-main">Atria (company)</span> Finnish food industry company

Atria Plc is a Finnish food industry company. Atria's roots date from 1903, when a co-operative for livestock sales was founded. Atria is listed on the Helsinki stock exchange, NASDAQ OMX Helsinki.

<span class="mw-page-title-main">Tokmanni</span> Finnish retail chain

Tokmanni Group Oyj is a Finnish retail chain, which is also the largest discount store chain in Finland in terms of net sales in 2019. Tokmanni is Finland's only nationwide discount store chain, and at the end of 2019 it had almost 200 stores around the country.

<span class="mw-page-title-main">Mannerheim League for Child Welfare</span> Finnish non-governmental organisation

Mannerheim League for Child Welfare is a Finnish non-governmental organization founded in 1920 that promotes the well-being of children, young people and families with children. MLL's goal is a child-friendly Finland. It can be attributed to the construction of a comprehensive counseling system in Finland.

References

  1. https://www.orion.fi/globalassets/documents/orion-group/investors/interim-reports/2021/en_orion_fy_2021.pdf [ bare URL PDF ]
  2. "Orion Oyj". Business Information System. Finnish Patent and Registration Office and Finnish Tax Administration. Retrieved 22 October 2019.
  3. "Yhtiöjärjestys" [Corporate by-laws] (in Finnish). Espoo: Orion Oyj. 22 March 2017. Retrieved 22 October 2019.
  4. "About Orion".
  5. "Orionin virstanpylväitä 1910-luvulla". www.orion.fi. Retrieved 25 July 2022.
  6. "Orionin vahva mies | Arvo Ylppö". www.ylppo.fi. Retrieved 25 July 2022.
  7. Moran, Mark (18 May 2018). "AJP Board Member Responds to NYT Story On Antidepressant Withdrawal". Psychiatric News. 53 (10). doi:10.1176/appi.pn.2018.5b14. ISSN   0033-2704.
  8. "Orion Diagnostica on nyt Aidian". Aidian (in Finnish). Retrieved 25 July 2022.
  9. https://www.orion.fi/globalassets/documents/orion-group/investors/interim-reports/2021/en_orion_q1_2021_slides.pdf [ bare URL PDF ]