Olainfarm

Stock performance

History

Olainfarm was founded as a pharmaceutical manufacturer in the Soviet era in the town of Olaine near Riga and, following Latvia's independence, grew into one of the largest pharmaceutical companies in the Baltic states, listing on the Nasdaq Riga stock exchange.

Business model

Olainfarm manufactures pharmaceutical products and active pharmaceutical ingredients, exporting to markets across the European Union and the former Soviet Union from its production facility in Olaine.

Market position

Olainfarm is one of the largest pharmaceutical manufacturers in the Baltic states, competing alongside Grindeks for leadership in Latvia's pharmaceutical export sector.

Country impact

Olainfarm is one of the significant industrial exporters in Latvia, and alongside Grindeks, its pharmaceutical manufacturing base reflects the continued importance of the sector inherited from Latvia's Soviet-era industrial specialization.