Grindeks

Stock performance

History

Grindeks was founded as a pharmaceutical manufacturer during the Soviet era and, following Latvia's independence and privatization, grew into the largest pharmaceutical company in the Baltic states, exporting generic and original medicines to markets across Europe and the former Soviet Union.

Business model

Grindeks manufactures generic and original pharmaceutical products, exporting extensively to markets across the European Union, Russia, and other former Soviet states from its manufacturing base in Riga.

Market position

Grindeks is the largest pharmaceutical company in the Baltic states, holding a particularly strong position in markets across the former Soviet Union in addition to its European Union home market.

Country impact

Grindeks is one of the largest industrial exporters in Latvia, and its pharmaceutical manufacturing base is frequently cited as one of the country's more significant post-Soviet industrial success stories.