Wörwag Pharma
{{Use American English|date=October 2018}}
{{Use mdy dates|date=October 2018}}
{{Infobox company
| name = Wörwag Pharma GmbH & Co. KG
| logo = Woerwag pharma logo print cmyk.jpg
| logo_alt = Logo of Wörwag Pharma
| logo_size = 150px
| former_name =
| type = private (GmbH & Co. KG)
| industry = Pharmaceutical industry
| founded = {{Start date and age|1971}} in Stuttgart, Baden-Württemberg, Germany
| founder = Fritz Wörwag
| hq_location = Böblingen, Baden-Württemberg, Germany
| num_locations =
| num_locations_year =
| area_served = worldwide
| key_people = {{ublist|Gerhard Mayer|Jochen Schlindwein}}
| products = Medicinal products
| brands = {{ublist|Magnerot|Milgamma}}
| revenue = {{increase}} €291 million
| revenue_year = 2022
| owner = Wörwag family
| num_employees = {{increase}} 1.400
| num_employees_year = 2022
| parent =
| divisions =
| subsid = AAA-Pharma GmbH
| module =
| ratio =
| rating =
| website = {{URL|www.woerwagpharma.de/en/}}
| footnotes =
}}Wörwag Pharma is a medium-sized{{cite news |first=Siegfried |last=Hofmann |title=Pharma-Mittelständlern fehlt Finanzkraft |newspaper=Handelsblatt |date=December 2, 2003 |access-date=October 25, 2018 |page=16 |url=https://www.handelsblatt.com/unternehmen/mittelstand/viele-firmen-scheitern-daran-aus-viel-versprechenden-alten-wirkstoffen-wieder-neue-umsatztraeger-zu-machen-pharma-mittelstaendlern-fehlt-finanzkraft/2290270.html |language=de}} family-owned{{cite web |url=https://www.apotheke-adhoc.de/nachrichten/detail/markt/pharma-mittelstand-familien-dynastien-mittelstand-arzneimittelhersteller-apotheke/ |title=Diese Clans sind Pharma-Deutschland |language=de |website=Apotheke Adhoc |date=June 27, 2016 |access-date=October 25, 2018}} pharmaceutical company headquartered in Böblingen, Germany with subsidiaries in Asia, Europe and South America.{{cite web |url=https://www.unternehmensregister.de/ |title=Wörwag Pharma GmbH & Co. KG (Amtsgericht Stuttgart, HRA 242191) |website=Company Register |publisher=Bundesanzeiger Verlag |access-date=October 25, 2018}} It was founded in 1971 by pharmacist Fritz Wörwag in Stuttgart.Wörwag Pharma. In: Stuttgarter Zeitung, p. 10. 26. May 2020. It sells prescription and over-the-counter preparations and food supplements.{{cite news |url=https://www.deutsche-apotheker-zeitung.de/news/artikel/2016/06/24/vitamine-und-mineralstoffe-fur-jedermann |title=Vitamine für jedermann |language=de |website=Deutsche Apotheker Zeitung |date=June 24, 2016 |access-date=October 25, 2018}}
Wörwag Pharma specializes in biofactors, which include vitamins, minerals, and trace elements.{{cite news |last=Schlecht |first=Jan-Philipp |date=July 12, 2018 |title=Wörwag will weiter wachsen |language=de |website=Böblinger Bote |url=https://www.krzbb.de/krz_50_111558719-13-_Woerwag-will-weiter-wachsen.html |access-date=October 25, 2018}}{{Cite journal |last1=Frank |first1=Jan |last2=Kisters |first2=Klaus |last3=Stirban |first3=Ovidiu Alin |last4=Obeid |first4=Rima |last5=Lorkowski |first5=Stefan |last6=Wallert |first6=Maria |last7=Egert |first7=Sarah |last8=Podszun |first8=Maren C. |last9=Eckert |first9=Gunter P. |last10=Pettersen |first10=Jacqueline A. |last11=Venturelli |first11=Sascha |last12=Classen |first12=Hans‐Georg |last13=Golombek |first13=Jana |date=2021-07-01 |title=The role of biofactors in the prevention and treatment of age‐related diseases |url=https://onlinelibrary.wiley.com/doi/10.1002/biof.1728 |journal= BioFactors|language=en |volume=47 |issue=4 |pages=522–550 |doi=10.1002/biof.1728 |pmid=33772908 |s2cid=232386716 |issn=0951-6433}}
History
= Foundation =
The city pharmacy was founded in 1965 in Zuffenhausen, a district of Stuttgart.{{Cite web |last=Hollstein |first=Patrick |title=Schlindwein wird CEO bei Wörwag |url=https://www.apotheke-adhoc.de/nachrichten/detail/markt/schlindwein-wird-ceo-bei-woerwag/ |access-date=2023-05-03 |website=Apotheke Adhoc |language=de-DE}} In the early 1970s, the owner Fritz Wörwag started producing and selling his own pharmaceutical products,{{cite news |date=1997 |title=Kurz informiert |language=de |newspaper=Deutsches Ärzteblatt |number=18 |url=https://www.aerzteblatt.de/archiv/6236/Kurz-informiert |access-date=October 25, 2018}} which was the basis for the founding of Wörwag Pharma in the adjacent building of the pharmacy in 1971.{{cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=23037300 |title=Company Overview of Wörwag Pharma GmbH & Co. KG |website=Bloomberg |access-date=October 25, 2018}} The company's first micronutrient preparation was Magnerot Classic for the treatment of magnesium deficiency.{{cite web |language=de |first=Karoline |last=Schumbach |url=https://www.apotheke-adhoc.de/nachrichten/detail/markt/woerwag-stadtapotheker-in-lateinamerika/ |title=Wörwag: Alles Gamma |website=Apotheke Adhoc |date=March 12, 2013 |access-date=October 25, 2018}}{{Cite web |last=Hollstein |first=Patrick |title=Schlindwein wird CEO bei Wörwag |url=https://www.apotheke-adhoc.de/nachrichten/detail/markt/schlindwein-wird-ceo-bei-woerwag/ |access-date=2023-05-03 |website=Apotheke Adhoc |language=de-DE}} To accelerate the development of the business, the company was converted into a corporation in 1977.{{cite web |url=https://www.unternehmensregister.de/ |title=Dr. Wörwag Pharmazeutische Präparate GmbH (Amtsgericht Stuttgart, HRB 7039) |website=Company Register |publisher=Bundesanzeiger Verlag |access-date=October 25, 2018}} In 1985, the product range was expanded to include the drug Milgamma with the active ingredient benfotiamine, a prodrug of vitamin B1.
= Internationalization =
After the fall of the Berlin Wall, Wörwag Pharma focused on the newly opened market in Eastern Germany and continued to expand in the direction of Eastern Europe.{{Citation |title=Gerhard Mayer, Geschäftsführer Wörwag Pharma |date=2021-06-28 |url=https://www.regio-tv.de/mediathek/video/gerhard-mayer-geschaeftsfuehrer-woerwag-pharma/ |access-date=2023-05-03 |language=de-DE}}{{Cite news |last=Anja |first=Ettel |date=2022-02-28 |title="Dramatik der Ereignisse hat uns doch überrascht" |pages=9 |work=Die Welt}} In 1993, a branch opened in Hungary – the first international site outside of Germany – and later, other branches in Bulgaria, Poland, Slovakia, Russia, and Central Asia were added. Wörwag Pharma focused its production on vitamins, trace elements{{cite news |language=de |first=Ursula |last=Petersen |title=Neue Präparate bei Wörwag Pharma |newspaper=Deutsches Ärzteblatt |number=33 |date=1992 |url=https://www.aerzteblatt.de/archiv/95948/Neue-Praeparate-bei-Woerwag-Pharma |access-date=October 25, 2018}} and generic drugs.{{cite news |language=de |first1=Andreas |last1=Bohne |first2=Siegfried |last2=Hofmann |title=Pharmaindustrie: Nachahmerpräperate gewinnen an Bedeutung. Das Generikageschäft wird zum hart umkämpften Wachstumsmarkt. |newspaper=Handelsblatt |date=September 13, 1996 |page=28}} Since then, Wörwag Pharma has also been present in Asian and South American countries, for example, in Vietnam and Peru.{{Cite web|url=https://www.woerwagpharma.de/en/company/profile/|title=Profile|publisher=Wörwag Pharma|access-date=October 23, 2018}}
= Further expansion =
In 1996, Wörwag Pharma relocated its head office from Stuttgart to Böblingen.{{cite news |language=de |first=Kathrin |last=Haasis |url=https://www.stuttgarter-zeitung.de/inhalt.boeblingen-sindelfingen-pharmafirma-woerwag-zieht-aufs-flugfeld.b98008e9-e61d-49aa-a176-3cb20b7882b0.html |title=Pharmafirma Wörwag zieht aufs Flugfeld |newspaper=Stuttgarter Zeitung |date=July 18, 2018 |access-date=August 10, 2018}}{{cite web |url=https://www.unternehmensregister.de/ |title=Wörwag Pharma GmbH (Amtsgericht Stuttgart, HRB 4154) |website=Company Register |publisher=Bundesanzeiger Verlag |access-date=August 10, 2018}} In 2001, the two children, Marcus Wörwag and Monika Wörwag, took over management of the company from their father. They continued the expansion course of Wörwag Pharma and concentrated primarily on biofactors. They spun off the generics business in 2015 into the independent subsidiary AAA-Pharma.{{cite web |language=de |url=https://www.apotheke-adhoc.de/mediathek/detail/pharmahersteller-konzerne-generika-otc-rx-medikament/ |title=Pharmakonzerne: Wer gehört zu wem? |website=Apotheke Adhoc |access-date=October 25, 2018}} In January 2019, Marcus Wörwag moved from the management to the advisory board, where he continues to shape the strategic direction of the group.Leute, Leute ... In: Stuttgarter Zeitung, p. 21. 31. January 2019. In 2021, Monika Wörwag also withdrew from the management and has since been Director of Corporate Communications.Raus aus der Geschäftsführung. In: Stuttgarter Zeitung, p. 16. 06. Februar 2021. In April 2021, Wörwag Pharma acquired the Polish company Sensilab, a contract manufacturing organization based in Konstantynów Łódzki, and thus came into possession of its first own production facility for pharmaceuticals.{{Cite web |last=Co.KG |first=Wörwag Pharma GmbH & |date=2023-04-24 |title=Wörwag Pharma kauft Produktionsunternehmen in Polen |url=https://www.woerwagpharma.de/de/pressemeldung/woerwag-pharma-kauft-produktionsunternehmen-in-polen |access-date=2023-05-03 |website=Wörwag Pharma |language=de-DE}} Since then, pharmaceuticals have been produced here for the company's own needs and in contract manufacturing under the new name Wörwag Pharma Operations.
Products
Wörwag Pharma offers medicinal products in the four categories diabetic concomitant diseases, nervous system, immune system and musculoskeletal system. Wörwag Pharma refers to the products it sells as "biofactors".{{Cite web |last=Co.KG |first=Wörwag Pharma GmbH & |date=2022-03-22 |title=Was sind Biofaktoren? |url=https://www.woerwagpharma.de/de/produkte/was-sind-biofaktoren |access-date=2023-05-03 |website=Wörwag Pharma |language=de-DE}} Overall, the company's product range includes 26 biofactor brands in Germany. Magnerot and Milgamma are still two significant brands in Wörwag Pharma's product range.
Company structure
= Legal form and organization =
Wörwag Pharma GmbH & Co. KG is a limited partnership (Kommanditgesellschaft) according to German law. Its general partner is Dr. Fritz Wörwag GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung), wholly owned by the entrepreneurial family.{{cite web |language=de |url=https://www.unternehmensregister.de/ |title=Dr. Fritz Wörwag GmbH (Amtsgericht Stuttgart, HRB 17815) |website=Company Register |publisher=Bundesanzeiger Verlag |access-date=25 October 2018}} Besides, the founder and other family members are directly or indirectly involved as limited partners. The vast majority of liability contributions by the limited partners is apportioned to the family-owned Wörwag GmbH and Wörwag Pharma Beteiligung GmbH.
The annual financial statements of Wörwag Pharma GmbH & Co. KG is included in the consolidated financial statements of Wörwag Pharma Beteiligung GmbH. The latter holds equity interests in three further domestic and ten foreign subsidiaries.{{cite web |url=https://www.unternehmensregister.de/ |title=Wörwag Pharma Beteiligung GmbH (Amtsgericht Stuttgart, HRB 17799) |website=Company Register |publisher=Bundesanzeiger Verlag |access-date=October 25, 2018}} Wörwag Pharma International GmbH controls the international subsidiaries. In addition to Wörwag Pharma GmbH & Co. KG, which is the largest subsidiary, this includes Fibeg Immobilien GmbH, Generosan GmbH and Wörwag Pharma International GmbH, the latter two controlling the international holdings. In addition, the holding company has a 35% stake in AAA-Pharma GmbH, which markets generics.
= Management =
The management of Wörwag Pharma consists of Gerhard Mayer and Jochen Schlindwein.Wörwag mit ehrgeizigem Ziel. In: Reutlinger General-Anzeiger. 21. März 2023. Mayer and Schlindwein are authorized signatories of Wörwag Pharma GmbH & Co. KG and at the same time are also directors of Dr. Fritz Wörwag GmbH.
= Locations =
On the Flugfeld, an inter-municipal residential area and industrial park between Böblingen and Sindelfingen, Wörwag Pharma moved into a new company building in 2022.{{Cite web |last=Schlecht |first=Jan-Philipp |date=2022-02-17 |title=Böblinger Pharmaunternehmen: Wörwag wächst und zieht in neues Domizil |url=https://www.krzbb.de/inhalt.boeblinger-pharmaunternehmen-woerwag-waechst-und-zieht-in-neues-domizil.e48a0422-b938-4321-b52c-418d8e73e1a9.html |access-date=2023-05-03 |website=Kreiszeitung Böblinger Bote |language=de}} The previous company headquarters were located in the Calwer Straße in Böblingen.{{Cite web |date=2021-04-01 |title=Böblinger Pharmaunternehmen: Wörwag wächst weiter |url=https://www.krzbb.de/inhalt.boeblinger-pharmaunternehmen-woerwag-waechst-weiter.5fa19f8b-fd80-4106-b148-a3a74114094c.html |access-date=2023-05-03 |website=Kreiszeitung Böblinger Bote |language=de}} In addition to the headquarters, there are more than 20 country offices, for instance in Almaty, Baku, Belgrade, Bratislava, Budapest, Chișinău, Cluj-Napoca, Ho Chi Minh City, Hong Kong, Kyiv, Lima, Ljubljana, Minsk, Moscow, Beijing, Riga, Sofia, Tashkent, Tbilisi, and Warsaw. These offices manage the business in about 35 countries.{{cite web |url=https://www.woerwagpharma.de/en/company/locations/ |title=Locations |publisher=Wörwag Pharma |access-date=October 25, 2018}} The company also has its own production facility in Konstantynów Łódzki, Poland (near Łódź).
Fritz Wörwag Research Award
Since 1988, the company has been awarding the Fritz Wörwag Research Award, established by founder Fritz Wörwag and named after him, at irregular intervals.{{Cite web |last=Co.KG |first=Wörwag Pharma GmbH & |date=2022-04-29 |title=Forschung und Wissenschaft |url=https://www.woerwagpharma.de/de/unternehmen/forschung-und-wissenschaft |access-date=2023-05-03 |website=Wörwag Pharma |language=de-DE}} The award is endowed with 10,000 euros and recognizes research papers and well-founded reviews that make significant contributions to new experimental or clinical findings in the field of biofactors. The award winners are selected by an independent jury.{{Cite news |date=2021-01-15 |title=Wörwag schreibt Forschungspreis aus |volume=2/2021 |pages=12 |work=Ärzte Zeitung}}
Awards
References
{{Reflist}}
External links
{{Commons category|Wörwag Pharma}}
- [https://www.woerwagpharma.de/en/ Official website] of Wörwag Pharma
{{Authority control}}
Category:Companies based in Baden-Württemberg
Category:1971 establishments in West Germany