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Assessment of the Impact of the COVID-19 Pandemic on the Financial Performance of Companies in the Pharmaceutical Field in Romania

Author

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  • Ioan Bircea

    ("George Emil Palade" University of Medicine, Pharmacy, Sciences and Technology of Tg Mureș, 540088, Romania)

  • Crina Todoran

    (Company Proflex Automotive SRL, Reghin, 545 300, Romania)

Abstract

The financial performance of a commercial company is dependent on a multitude of factors, which can be grouped into external factors and internal factors. Through the conducted study, we tried to analyze the influence of external factors specific to the period of the COVID-19 pandemic, on the financial performance of some commercial companies in the field of manufacturing pharmaceutical products in Romania (Antibiotice) pharmaceutical preparations (Biofarm, Zentiva) ambulatory healthcare activity (Med Life). These commercial companies faced the conditions of the COVID-19 pandemic period, the measures taken in this regard, as well as the fierce competition from some international manufacturers (Sanofi, Sandoz Romania, Hoffmann la Roche, Pfizer, etc.). Thus, some commercial companies in the field of manufacturing pharmaceutical products have reduced their volume of activity and others have performed much higher than the pre-pandemic period.

Suggested Citation

  • Ioan Bircea & Crina Todoran, 2022. "Assessment of the Impact of the COVID-19 Pandemic on the Financial Performance of Companies in the Pharmaceutical Field in Romania," Acta Marisiensis. Series Oeconomica, "George Emil Palade" University of Medicine, Pharmacy, Sciences and Technology of Târgu-Mureș, România - Faculty of Economics and Law, vol. 1, pages 51-64, December.
    • Handle: RePEc:pmu:oecono:v:1:y:2022:p:51-64
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