Joint stock company Grindeks informs that the Supervisory Council of the company (elected during the Extraordinary General Meeting of Shareholders held on 11 November 2014) in its first meeting that was held after the General Meeting of Shareholders repeatedly decided to elect Mr. Kirovs Lipmans as a Chairman of the Supervisory Council and Mrs. Anna Lipmane as a Deputy Chairman of the Supervisory Council. Company reminds that all newly elected memebrs served on the previous Supervisory Council of the joint stock company Grindeks.

About Grindeks

Grindeks is the leading pharmaceutical company in the Baltic States. Main fields of action are research, development, manufacturing and sales of original products, generics and active pharmaceutical ingredients. Grindeks Group consists of 4 subsidiary companies in Latvia, Estonia and Russia; representative offices are opened in 13 countries.

Grindeks specializes in the heart and cardiovascular, CNS and anti-cancer medication therapeutic groups. The portfolio of Grindeks products consists of successful combination of branded products and generic medications – including brand products Mildronate® and Ftorafur®, as well as more than 100 effective and safe medications. Currently Grindeks manufactures 25 active pharmaceutical ingredients.

Products of the company are exported to 59 countries and its export comprises more than 95% of the total turnover. The main markets are: Russia and other CIS countries, the Baltic States, Germany, the Netherlands, Japan and the U.S.

To increase production capacity and develop infrastructure, since 2002 the company has accomplished many significant investment projects, investing 70.7 million euros over the years.

JSC Grindeks shares are listed on the Official List of “Nasdaq Riga”. Major shareholders of JSC Grindeks are Kirovs Lipmans – 33.29%, “AB.LV Private Equity fund 2010” – 22.66%, Anna Lipmane – 16.69%, “Swedbank” AS Clients Account (nominee account) – 10.47%.

More information about the company –

Further information:

Laila Klavina
Head of the Communications Department
 JSC Grindeks
Phones: (+371) 67083370, (+371) 29256012
Fax: (+371) 67083505