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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

Assessment of the Impact of the COVID-19 Pandemic on the Financial Performance of Companies in... AbstractThe 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Acta Marisiensis Seria Oeconomica de Gruyter

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

Acta Marisiensis Seria Oeconomica , Volume 16 (1): 14 – Jun 1, 2022
14 pages

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Publisher
de Gruyter
Copyright
© 2022 Ioan Bircea et al., published by Sciendo
eISSN
2668-3989
DOI
10.2478/amso-2022-0005
Publisher site
See Article on Publisher Site

Abstract

AbstractThe 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.

Journal

Acta Marisiensis Seria Oeconomicade Gruyter

Published: Jun 1, 2022

Keywords: performance; COVID-19; pharmaceutical; rate of return

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