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See Latest ArticlesRecession Proof Companies, Part 2: Norgine
PharmExec, 08/18/09
Norgine, a company founded by Dr Victor Stein in Prague in 1906 to manufacture industrial chemicals, moved to the production of specialty pharmaceuticals with its laxative treatment Normacol some years later. Initially growing very slowly – and stalling, inevitably, during the war years — by the 1960s it had operations in the UK, France and Belgium. But it wasn't until 1987, the year that the current CEO Peter Stein came on board, that a sustained period of European growth really began. Twenty–two years on, the company, with a focus on gastroenterology and hepatology, is still expanding in Europe. Pharm Exec Europe spoke to Stein to find out how Norgine is beating the credit crisis, and whether this good fortune is likely to continue.
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