Torfarm pharmaceuticals wants a bigger slice of the pie

Toruń-based pharmaceuticals wholesaler Torfarm, up to now a regional supplier of drugs, is to fight to become one of the top three domestic distributors in the sector. The company was unnoticed by analysts and over the last three years has grown so much that it can threaten its larger competitors, namely PGF, Farmacol, Prosper and Orfe. Stanisław Kasprzyk from IMS Health, a company analyzing the sector, confirmed that Torfarm has already become the fourth largest domestic distributor of drugs to pharmacies. "Now we plan to take over Prosper's market position. We forecast that we will maintain 40% sales growth. We plan to close 2003 with 8.9% market share and reach 10% in 2004," said Kazimierz Herba, president and owner of Torfarm. The money for further development would be obtained through entering the bourse. "If the situation on the capital market does not worsen, we will debut on the floor mid 2004," added Herba. (Puls Biznesu, pp. 1, 4) M.M.