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Full name: Galenika A.D. Beograd
Legal Form: Joint Stock Company
Operational Status: Operational
Incorporation Date: April 30, 1991
Galenika, a state-controlled firm established in 1945, was the first company in former Yugoslavia to be acquired by a foreign partner.
ICN Pharmaceuticals, which acquired a 75% stake in the drug maker under a 1990 agreement, planned to use it as a platform for growth in eastern Europe.
Serbia's government took over the Belgrade plant of ICN Pharmaceuticals in February 1999, after the commercial court in Belgrade ruled that ICN held a 35% stake and not 75%. Galenika claimed a 25% share of the Serbian
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