“Olainfarm” will supply chemical intermediates worth more than 1 mil Euro to “Novartis”


Olainfarm                                                  10.01.2007

“Olainfarm” will supply chemical intermediates worth more than 1 mil Euro to “Novartis” 

JSC "Olainfarm" in cooperation with its Swiss partner “Jucker Pharma” has accepted 
the order of “Novartis Grimsby Limited”, a British branch of Swiss pharmaceutical 
company “Novartis” to produce and to supply chemical intermediate during February 
through August 2007.  Total value of the order is 1.166 million Euro. 
 
Cooperation of JSC „Olainfarm“ and Swiss pharmaceutical company „ Novartis“ is 
entering its sixth year. During this period the value of orders for chemical intermediates 
has increased more than fivefold.  Chemical intermediates are used by the client to 
produce an active pharmaceutical ingredient, which is then further used to produce 
finished forms of medicines. 

All of chemical products produced by JSC „Olainfarm“ are being exported to western 
countries and share of these products in total of company’s exports is exceeding 12%.  
According to unaudited financial statements of the parent company for 2006, the 
total sales have increased by 34% from 9.33 million lats in 2005 to 12.54 million 
lats in 2006.  In 2006 some 81% of all sales of parent company were exports.  The biggest 
increases in export markets have occured in Russia, the UK, Ukraine, Norway and Belarus.

"A long term cooperation of JSC „Olainfarm“ with such worldwide well known companies 
as „Sanofi-Aventis“ (France), „Johnson&Johnson“ (USA), „Interchem“ (USA), „Synkem" 
(France), “Almirall” (Spain), “Ranbaxy” (India), “Dr. Reddy's” (India) shows that 
we have a capacity to produce reliable and effective top quality products, demanded 
not only in Latvia, but worldwide. Order of „Novartis Grimsby Limited“ is yet 
another proof that the production of chemical products is a promising area of company’s 
development“, Mr. Valerijs Maligins, Chairman of the Board of Olainfarm admits 
with delight. 
 
About JSC „Olainfarm“
JSC „Olainfarm“ is one of the biggest companies in the Baltic states with more 
than 30 years of experience in production of medication and of other chemical 
and pharmaceutical products. The basic principle of company’s operations is to 
produce reliable and effective top quality products for both Latvia and the rest 
of the world. Currently the products of JSC „Olainfarm“ are being exported to
 more than 30 countries worldwide, including the Baltic countries, Russia and other 
CIS countries, Scandinavian and Western European  countries, USA and Asia

About “Novartis”
Novartis AG is a world leader in offering medicines to protect health, treat 
disease and improve well-being. Our goal is to discover, develop and successfully 
market innovative products to treat patients, ease suffering and enhance the 
quality of life. Novartis is the only company with leadership positions in both 
patented and generic pharmaceuticals.  For additional information please see:  
http://www.novartis.com

News prepared by: 
Salvis Lapinsh 
Deputy chief financial officer 
JSC „Olainfarm“ 
mobile +37126448873
e-mail: slapinsh@olainfarm.lv