Celebrate 45th Anniversary, Pyridam Farma Launches Pyfaesthectic and Announces 108% Increase in Sales in Q3 2021
Jakarta, 29 November 2021 – PT Pyridam Farma Tbk. (PYFA), a pharmaceutical company that has been present in the Indonesian healthcare industry for 45 years this month, recorded a significant increase in sales in the third quarter. The Company’s sales reached Rp. 406.4 Billion in the first nine months of 2021, an increase of 108% compared to the same period the previous year. EBITDA and net profit recorded by the Company are Rp. 59.4 billion and Rp. 25.3 billion, an increase of 281% and 57% compared to 2020. PYFA is optimistic that it can achieve its sales increase target of more than 50% in 2021. One of PYFA’s strategic steps in improving financial performance in 2021 is to launch PYFAESTHETIC.
PYFAESTHETIC Marketing Manager, dr. Hari Widodo revealed the reasons why Pyridam Farma is expanding into the world of the beauty business, among others, because of the growing beauty market in Indonesia and the need for quality products.
“In line with Pyridam Farma’s (PYFA) commitment to advancing the healthcare industry in Indonesia, this time Pyridam Farma is launching PYFAESTHETIC which will present a range of dermatology and aesthetic products for Dermatologists, Plastic Surgeons, Esthetic doctors, and also Healthcare professionals,” said Dr Hari Widodo. As Marketing Manager of PYFAESTHETIC.
In the fourth quarter of 2021, PYFAESTHETIC will present products in the dermal filler and mesotherapy categories, in collaboration with trusted strategic partners, CGBIO and Nexus Pharma.
PYFAESTHETIC continues to be committed to establishing cooperation and presenting a range of quality products to meet the needs of the Indonesian market. In the future, PYFAESTHETIC will also continue to provide the latest knowledge updates regarding the latest dermatology and aesthetic products in collaboration with several international strategic partners, and is committed to providing regular training so that Healthcare professionals will excel so that patients who need beauty treatments can have their needs met domestically.
About PT Pyridam Farma Tbk.
PT Pyridam Farma Tbk is a pharmaceutical company whose main business is the production and/or distribution of modern and traditional medicines as well as the distribution of medical devices such as laboratory equipment as well as PCR test kits. The company was founded in 1976 and has been a public company and has been listed on the Indonesia Stock Exchange since 2001.
PT Pyridam Farma Tbk. manufactures a wide range of pharmaceutical products such as Antibiotics, Vitamins, Supplements, and Traditional Herbal Treatments. The company has more than 200 products in the form of tablets, caplets, capsules, cream syrups, and ointments. In addition, PT Pyridam Farma Tbk. also manufactures prescription products such as penicillin and non-penicillin antibiotics, and painkillers, as well as non-prescription products for vitamins, cold and cough suppressants, and antipyretics.
