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Advent International acquired Labormed, Romania’s leading independent domestic pharmaceuticals manufacturer in March 2008.

Since then Labormed’s buy-in management team, led by Stephen Stead, an Advent operating partner and former CEO of Terapia and Polpharma, has continuously focused on operational efficiencies and portfolio development.

Labormed transformed from a local generics company into a speciality pharmaceutical and consumer healthcare business offering a mix of high profile OTC branded products as well as modern prescription products across the key CEE markets. This turnaround was achieved through in-house product development; the introduction of a complimentary range of plant based natural products and the targeted acquisition of the Ozone Laboratories portfolio.



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