News » December, 2010 » 21 December 2010
Survival in pharmaceutical sector: 25% growth next year
21.12.2010, 00:03 | Business | 945 views
Labormed drug producer, owned by Advent International investment fund, has budgeted a 25% turnover increase for 2011 from the 70-75m-euro level reached this year. "2011 will be another year of survival. The strategy we have to survive is growth. There are two ways one can carry on in such an environment. Cutting costs and the business size as much as possible, but this strategy would not work in our case. The second solution would be to grow and this is what we've chosen for Labormed," Stephen Stead told ZF. Read more on ZF.ro
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