Terapia S.A. is a

Romanian Romanian may refer to: *anything of, from, or related to the country and nation of Romania **Romanians, an ethnic group **Romanian language, a Romance language ***Romanian dialects, variants of the Romanian language **Romanian cuisine, traditional ...

pharmaceutical company founded in 1921. The company is headquartered in Cluj-Napoca, Cluj, Romania and has regional centers in Moscow City, Russian Federation and Kiev, Ukraine. The company is part of the multinational corporation Daiichi Sankyo. Terapia Ranbaxy produces a wide range of medicines and drugs, mostly from the field of cardiovascular,

antibiotics An antibiotic is a type of antimicrobial substance active against bacteria. It is the most important type of antibacterial agent for fighting bacterial infections, and antibiotic medications are widely used in the treatment and prevention o ...

, cholesterol-lowering,

beta-blockers Beta blockers, also spelled β-blockers, are a class of medications that are predominantly used to manage abnormal heart rhythms, and to protect the heart from a second heart attack after a first heart attack (secondary prevention). They are al ...

and pain relief medicine.

History

The company was founded in 1921, under the name of ''Terapia medication company''. The company has expanded during the Interbellum, and the company soon became responsible for the production of certain generic medicine. During the Second World War, the company has played an important role in delivering drugs and medical supplies to the battlefields. Terapia S.A. became an anonymous company in November 1990. In 1996, the company went through a

privatization Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

process. Romferchim S.A., a state-owned company, purchased 396,208 shares, which accounted for over 3/4 of the company's total assets. In 2004, due to a rough economic downfall and poor management, the company went through a massive restructuring process. It had to sack a thousand employees, and the production of 35-40 medications has been ceased. In late 2004, Advent International has purchased over 95% of the company. This has been the greatest pharmaceutical

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Romania Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, S ...

at the time.Investment data on Terapia
In 2006, Advent has sold 96.7% of the company to Ranbaxy. Terapia S.A. therefore went through a brand name change, and so it became Terapia Ranbaxy. Two years later, the Japanese pharmaceutical giant Daiichi Sankyo has purchased 1/5 of the company, and so Terapia Ranbaxy became part of the giant.

Pioneer ship

Terapia S.A. has been the first Romanian company to have a

bioequivalence Bioequivalence is a term in pharmacokinetics used to assess the expected in vivo biological equivalence of two proprietary preparations of a drug. If two products are said to be bioequivalent it means that they would be expected to be, for all i ...

laboratory accredited by GCP.

References

{{reflist Companies based in Cluj-Napoca Pharmaceutical companies of Romania Privatized companies in Romania