Chiesi Farmaceutici S.p.A.

Chiesi Farmaceutici S.p.A.
Società per Azioni, (S.p.A.)
(something like a Joint-Stock company)
Industry Pharmaceuticals
Founded 1935
Headquarters Parma, Italy
Key people
 Alberto Chiesi (President)
Paolo Chiesi (Vice-president & Director of R&D)
Ugo Di Francesco (CEO)
Revenue €1,236 billion (2013)
Number of employees
 3,500
Website http://www.chiesigroup.com

Chiesi Farmaceutici S.p.A. is a family controlled[1][2] Italian pharmaceutical company based in Parma, Emilia-Romagna.

Following the acquisition, in 1999, of Huddersfield based Trinity Pharmaceuticals, Chiesi has also had a significant presence in the United Kingdom.[3]

Established in 1935, Chiesi concentrates primarily on developing respiratory, cardiovascular and neonatological drugs, along with those for treating muscular and skeletal conditions. As well as developing drugs in-house, Chiesi has a policy of developing drugs in collaboration with pharmaceutical businesses outside Italy.

The Company employs approximately 3,500 within and beyond Italy. It holds 550 international patents, and employs approximately 350 research staff in centres at Parma, Paris and Rockville, Maryland (USA)

2010 was the year in which turnover broke through the Billion Euro barrier, with Chiesi recording sales growth of 16.4% over the figure for 2009. By 2013 turnover had reach €1,236, with increases coming primarily from outside the Italian home market.[4]

In 2014 Chiesi was granted a monopoly on producing and marketing a form of medicine that helps prematurely-born infants breathe. As a consequence, the price of this drug has gone up by 4000 %.[5] Many prematurely-born infants have trouble breathing and because of this they need this so-called caffeine citrate drug. Chiesi has allegedly exploited legislation that was created to compensate companies that have had substantial expenses with developing new drugs. But Chiesi has not developed this form of medication.[6] Chiesi has a ten-year monopoly on caffeine citrate drugs on the European market and due to this monopoly they can keep competition out. Chiesi does not want to disclose why they have raised their prices even though they have not had any expenses with developing this drug.[7]

Notes and sources

  1. ↑ In July 2014 the company website shows a Consiglio di Amministrazione (Board of Directors) comprising eight individuals. Six of these are named "Chiesi"
  2. ↑ http://www.chiesigroup.com/web/guest/management?idt=8020
  3. ↑ http://www.chiesi.uk.com/about_chiesi/
  4. ↑ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=5546570
  5. ↑ Louise Damløv, ”Fra en 20’er til 800 kr: Medicinalfirma hæver prisen på livsvigtig medicin til for tidligt fødte børn” at dr.dk, 11 September 2016
  6. ↑ Louise Damløv, ”Fra en 20’er til 800 kr: Medicinalfirma hæver prisen på livsvigtig medicin til for tidligt fødte børn” at dr.dk, 11 September 2016
  7. ↑ Louise Damløv, ”Fra en 20’er til 800 kr: Medicinalfirma hæver prisen på livsvigtig medicin til for tidligt fødte børn” at dr.dk, 11 September 2016
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