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Especially during the unprecedented COVID-19 worldwide pandemic, all players of the Pharma & Medical industries had to maximize cross-border cooperation, as access to medicine became vital and the race to a vaccine began. In this context, the companies across the value-chain should also consider the transfer pricing challenges that arise.
We stand alongside our clients in the Pharma & Medical industries, united by the same attitude towards adversity: prevention is key.
Stada Arzneimittel AG is specialised in the production of generic and over-the-counter drugs. This pharmaceutical group of companies earns annual revenue of over EUR 2.3 billion.
The Group has presence in Romania through Stada M&D SRL, which acts as a distributor of the Group’s pharmaceutical products throughout all regions of the country.
The need for yearly updates of the transfer pricing files can trigger many inneficiencies, such as periodic negotiations with different providers and fluctuating cost.
In order to create predictability, we proposed a subscription-fee structure on a long-term contract: same negotiated fee, spanning multiple years ahead.
This resulted an optimised expense structure and cashflow for Stada, no more wasted time in negotiations, plus project-related efficiencies based on long-term cooperation.
Choosing the same transfer pricing provider can be beneficial, both in terms of cost predictability which leads to an optimized cashflow, as well as in expected quality and efficiencies.
"During the collaboration with the ATIPIC Solutions team, the level of involvement was one exceeded all our expectations. The team helped us very clearly understand the elements of the transfer pricing file. The team is highly dedicated and offers quality services. We are determined to continue working with them.”
"We trusted ATIPIC Solutions from the very beginning given that they are specialized in transfer pricing consulting. As expected, during our already long term relationship they have proven to be quite dedicated and knowledgeable being able to find solutions to our most complex issues even when under time pressure."