Baltics leading pharmaceutical company Grindeks expands to new export markets worldwide - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # Baltics leading pharmaceutical company Grindeks expands to new export markets worldwide ##### Up next ![DeriW: A Zero-Gas Trading Platform to Debut With Testnet at Consensus Hong Kong 2025](https://i0.wp.com/r2.thailandbusinessnews.net/2025/02/1739776880_CoinW_Logo.jpg?resize=200%2C110&ssl=1 "DeriW: A Zero-Gas Trading Platform to Debut With Testnet at Consensus Hong Kong 2025") [](https://thailandbusinessnews.net/press-release/deriw-a-zero-gas-trading-platform-to-debut-with-testnet-at-consensus-hong-kong-2025/) ###### [DeriW: A Zero-Gas Trading Platform to Debut With Testnet at Consensus Hong Kong 2025](https://thailandbusinessnews.net/press-release/deriw-a-zero-gas-trading-platform-to-debut-with-testnet-at-consensus-hong-kong-2025/) Published on 17 February 2025 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) ![](https://mma.prnasia.com/media2/1508714/5168961/Grindex_Logo.jpg?p=medium600 "logo") RIGA, Latvia, Feb. 17, 2025 /PRNewswire/ — The leading pharmaceutical company in the Baltics, Grindeks, continues to strengthen its global presence by entering new export markets. This year, for the first time, Grindeks products will be delivered to Panama. The company’s export markets already include countries such as Chile, Mexico, Australia, Singapore, the Philippines, and most of Europe. Active pharmaceutical ingredients are also exported to Japan, South Korea, and the USA. [![Manufacturing of final dosage forms](https://mma.prnasia.com/media2/2620614/Grindeks.jpg?p=medium600 "Manufacturing of final dosage forms")](https://mma.prnasia.com/media2/2620614/Grindeks.jpg?p=medium600) Manufacturing of final dosage forms Grindeks is a prequalified supplier for the World Health Organization, supplying its manufactured injections to international organizations such as UNFPA and UNICEF. These organizations distribute the products to African countries like Kenya, Tanzania, Liberia, Sudan, Burkina Faso, Zimbabwe, and others. Kirovs Lipmans, Chairman of the Council of Grindeks, highlights: "Expanding into new export markets is a testament to our long-term vision and dedication to global healthcare. By continuously investing in innovation, quality, and regulatory excellence, we ensure that Grindeks remains a trusted name worldwide. Our presence in diverse markets reflects our commitment to providing effective and accessible medicines to those who need them most." Ph.D. Juris Hmeļņickis, CEO of Grindeks, emphasizes: "Export for us means more than just business — it is an opportunity to make a significant contribution to global health. Each of our export markets symbolizes not just expansion but also our commitment to improving health and quality of life worldwide. We are proud to deliver our products across regions including Europe, Asia, Latin America, and Africa, where the need for high-quality and affordable medicines is critically important. The path to global markets is not easy—it requires adapting to diverse regulations, market requirements, and cultural differences. These challenges motivate us to become even stronger, more efficient, and innovative, ensuring that Grindeks quality and reliability are accessible wherever they are needed." Reasons for Export Success Medicines are essential across the globe, particularly in regions with limited healthcare access where the demand for high-quality, internationally produced pharmaceuticals is substantial. Producing and certifying products to meet international standards ensures safety and efficacy, enabling successful entry into global markets. A long shelf life (2–5 years) and developed logistics chains allow deliveries to even the most remote regions. Thanks to our sustainable logistics, we can provide high-quality medicines to distant locations such as Tanzania and Zimbabwe. However, not all products are financially viable for export, as high transportation costs limit the delivery of cheaper and heavier goods. Challenges in Global Markets Export experience shows that countries with strict regulatory requirements, such as China, Japan, the Philippines, Brazil, Malaysia, Chile, and others, demand adaptation to specific norms. These requirements often differ significantly from European standards, requiring additional time and resources for compliance. High levels of protectionism are also commonly encountered in these markets. Despite these challenges, Grindeks has demonstrated its adaptability and resilience by successfully meeting the standards of these demanding markets. Cultural differences present challenges, such as overcoming language barriers, time zone differences, and varied business practices, which are crucial for effective collaboration and understanding local market dynamics. As Grindeks continues to navigate global markets, the company is committed to implementing even more innovative solutions to remain a global leader in improving health. Grindeks Global Competitiveness The company’s global competitiveness continues to grow despite intense competition in the pharmaceutical market. According to the IQVIA Global Market analysis, one of the world’s leading sources of healthcare and pharmaceutical market data, Grindeks secured a solid 299th position among 5,768 companies in Europe in 2023, demonstrating its leading role in the regional pharmaceutical market. This achievement highlights Grindeks strategic approach and its ability to adapt and succeed in dynamic market conditions. With a vision to rank among the top 100 pharmaceutical companies globally, Grindeks continues to drive innovation, expand its reach, and strengthen its competitive edge in both regional and international markets. About the Grindeks Group Grindeks is an international pharmaceutical group that provides a full product lifecycle – research, development, pharmacovigilance, manufacturing, and sales of original products, generic drugs, and active pharmaceutical ingredients. The group exports its products to over 100 countries worldwide. Grindeks main therapeutic groups and directions are cardiology, central nervous system, oncology, diabetes, dermatology, cardiology, and active pharmaceutical ingredients. The subsidiary Kalceks specializes in medications for the hospital segment and ophthalmology. All products are manufactured according to high global safety and quality standards. The group employs more than 1,380 industry professionals. [Source link ](https://www.prnasia.com/story/archive/4619798_AE19798_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/mastercard-and-jd-com-announce-strategic-partnership-to-support-business-growth-through-payments-innovation/) ![Mastercard and JD.com announce strategic partnership to support business growth through payments innovation](https://i0.wp.com/mma.prnasia.com/media2/2982067/20260515194343_1824_73.jpg?resize=260%2C140&ssl=1 "Mastercard and JD.com announce strategic partnership to support business growth through payments innovation") - [Business](https://thailandbusinessnews.net/category/business/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## Mastercard and JD.com announce strategic partnership to support business growth through payments innovation The initial focus is on expanding payment infrastructure to support international business… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - May 18, 2026 [](https://thailandbusinessnews.net/press-release/outsystems-announces-new-ai-capabilities-with-aws-to-deliver-agentic-systems-for-the-enterprise/) ## OutSystems Announces New AI Capabilities with AWS to Deliver Agentic Systems for the Enterprise The integration of Kiro, AWS Transform, and Amazon Bedrock with the OutSystems… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - June 3, 2026 [](https://thailandbusinessnews.net/press-release/one-bangkok-drenches-the-city-in-songkran-joy-one-bangkok-one-lagoon-splashing-songkran-rhythms-the-ultimate-songkran-celebration-for-everyone/) ![One Bangkok Drenches the City in Songkran Joy: "One Bangkok, One Lagoon Splashing Songkran Rhythms" – The Ultimate Songkran Celebration for Everyone](https://i0.wp.com/r2.thailandbusinessnews.net/2025/04/One_Bangkok__One_Lagoon_Splashing_Songkran_Rhythms_artist.jpg?resize=260%2C140&ssl=1 "One Bangkok Drenches the City in Songkran Joy: "One Bangkok, One Lagoon Splashing Songkran Rhythms" – The Ultimate Songkran Celebration for Everyone") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## One Bangkok Drenches the City in Songkran Joy: "One Bangkok, One Lagoon Splashing Songkran Rhythms" – The Ultimate Songkran Celebration for Everyone BANGKOK, April 2, 2025 /PRNewswire/ — One Bangkok invites everyone to immerse… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - April 2, 2025 ##### Most Read - [![When AI Learns to Defend Itself: Edvance International, CWG Innovations and RealRelay Rewrite Agent Security](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/when-ai-learns-to-defend-itself-edvance-international-cwg-innovations-and-realrelay-rewrite-agent-security/ "When AI Learns to Defend Itself: Edvance International, CWG Innovations and RealRelay Rewrite Agent Security") [When AI Learns to Defend Itself: Edvance International, CWG Innovations and RealRelay Rewrite Agent Security](https://thailandbusinessnews.net/press-release/when-ai-learns-to-defend-itself-edvance-international-cwg-innovations-and-realrelay-rewrite-agent-security/ "When AI Learns to Defend Itself: Edvance International, CWG Innovations and RealRelay Rewrite Agent Security") - [![Earth Environmental Foundation's Western Sichuan "Resilience & Symbiosis" Interdisciplinary Field Study Camp Sharing Session Inspires Youth on Climate Resilience and Ecological Symbiosis](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/earth-environmental-foundations-western-sichuan-resilience-symbiosis-interdisciplinary-field-study-camp-sharing-session-inspires-youth-on-climate-resilience-and-ecological-symb/ "Earth Environmental Foundation's Western Sichuan "Resilience & Symbiosis" Interdisciplinary Field Study Camp Sharing Session Inspires Youth on Climate Resilience and Ecological Symbiosis") [Earth Environmental Foundation's Western Sichuan "Resilience & Symbiosis" Interdisciplinary Field Study Camp Sharing Session Inspires Youth on Climate Resilience and Ecological Symbiosis](https://thailandbusinessnews.net/press-release/earth-environmental-foundations-western-sichuan-resilience-symbiosis-interdisciplinary-field-study-camp-sharing-session-inspires-youth-on-climate-resilience-and-ecological-symb/ "Earth Environmental Foundation's Western Sichuan "Resilience & Symbiosis" Interdisciplinary Field Study Camp Sharing Session Inspires Youth on Climate Resilience and Ecological Symbiosis") - [![ZYT Joins Forces at IAA TRANSPORTATION 2026 to Drive Intelligent Commercial Heavy Trucks Global](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/zyt-joins-forces-at-iaa-transportation-2026-to-drive-intelligent-commercial-heavy-trucks-global/ "ZYT Joins Forces at IAA TRANSPORTATION 2026 to Drive Intelligent Commercial Heavy Trucks Global") [ZYT Joins Forces at IAA TRANSPORTATION 2026 to Drive Intelligent Commercial Heavy Trucks Global](https://thailandbusinessnews.net/press-release/zyt-joins-forces-at-iaa-transportation-2026-to-drive-intelligent-commercial-heavy-trucks-global/ "ZYT Joins Forces at IAA TRANSPORTATION 2026 to Drive Intelligent Commercial Heavy Trucks Global") - [![DongCheng Company Hosts 2026 Online Product Launch Events, Unveiling Multi-Scenario Solutions for Construction, Metalworking, Woodworking and Home Renovation](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/dongcheng-company-hosts-2026-online-product-launch-events-unveiling-multi-scenario-solutions-for-construction-metalworking-woodworking-and-home-renovation/ "DongCheng Company Hosts 2026 Online Product Launch Events, Unveiling Multi-Scenario Solutions for Construction, Metalworking, Woodworking and Home Renovation") [DongCheng Company Hosts 2026 Online Product Launch Events, Unveiling Multi-Scenario Solutions for Construction, Metalworking, Woodworking and Home Renovation](https://thailandbusinessnews.net/press-release/dongcheng-company-hosts-2026-online-product-launch-events-unveiling-multi-scenario-solutions-for-construction-metalworking-woodworking-and-home-renovation/ "DongCheng Company Hosts 2026 Online Product Launch Events, Unveiling Multi-Scenario Solutions for Construction, Metalworking, Woodworking and Home Renovation") - [![Singdata Delivers True Multi-Cloud Data Freedom: Fully Managed Lakehouse SaaS Now Live Across 8 Global Clouds and 3 CPU Architectures](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/singdata-delivers-true-multi-cloud-data-freedom-fully-managed-lakehouse-saas-now-live-across-8-global-clouds-and-3-cpu-architectures/ "Singdata Delivers True Multi-Cloud Data Freedom: Fully Managed Lakehouse SaaS Now Live Across 8 Global Clouds and 3 CPU Architectures") [Singdata Delivers True Multi-Cloud Data Freedom: Fully Managed Lakehouse SaaS Now Live Across 8 Global Clouds and 3 CPU Architectures](https://thailandbusinessnews.net/press-release/singdata-delivers-true-multi-cloud-data-freedom-fully-managed-lakehouse-saas-now-live-across-8-global-clouds-and-3-cpu-architectures/ "Singdata Delivers True Multi-Cloud Data Freedom: Fully Managed Lakehouse SaaS Now Live Across 8 Global Clouds and 3 CPU Architectures") ##### Subscribe via Email Enter your email address to subscribe and receive notifications of new posts by email. Email Address Subscribe [](https://thailandbusinessnews.net/press-release/ksat-selected-by-intuitive-machines-to-support-nasas-eagle-vswir-mission/) ## KSAT Selected by Intuitive Machines to Support NASA's EAGLE VSWIR Mission PARIS, Sept. 16, 2026 /PRNewswire/ — Kongsberg Satellite Services (KSAT), a… [](https://thailandbusinessnews.net/press-release/rosewood-hong-kong-named-no-1-in-the-50-best-hotels-2026-for-the-second-consecutive-year/) ![ROSEWOOD HONG KONG NAMED NO.1 IN THE 50 BEST HOTELS 2026 FOR THE SECOND CONSECUTIVE YEAR](https://i0.wp.com/mmx.prnasia.com/media/MS1985768/Rosewood-Hong-Kong-1-1.jpg?resize=260%2C140&ssl=1 "ROSEWOOD HONG KONG NAMED NO.1 IN THE 50 BEST HOTELS 2026 FOR THE SECOND CONSECUTIVE YEAR") ## ROSEWOOD HONG KONG NAMED NO.1 IN THE 50 BEST HOTELS 2026 FOR THE SECOND CONSECUTIVE YEAR Rosewood Hong Kong (No.1) has once again been named The World’s Best… [](https://thailandbusinessnews.net/press-release/oci-publishes-position-statement-in-connection-with-the-offer-of-nns-for-all-issued-and-outstanding-oci-shares-and-convenes-extraordinary-general-meeting-of-shareholders/) ## OCI publishes Position Statement in connection with the offer of NNS for all issued and outstanding OCI shares and convenes Extraordinary General Meeting of shareholders This press release is issued pursuant to the provisions of Section 18… [](https://thailandbusinessnews.net/press-release/introducing-fotor-agent-create-fully-editable-ae-quality-motion-graphics-and-long-form-videos/) ## Introducing Fotor Agent: Create Fully Editable AE-Quality Motion Graphics and Long-Form Videos Fotor Agent, ranked No. 1 Product of the Day on Product Hunt,…