Hexi Pharma company files for insolvency

Hexi Pharma Co. SRL, a Romanian pharmaceutical company involved in a recent scandal of faulty hospital disinfectants, has filed for insolvency with the Bucharest Tribunal.

According to the courts' web portal, the application was filed on Tuesday and it regards bankruptcy upon debtor's request under Article 66 of Law 85/2004 on insolvency prevention and insolvency procedures.

The first hearing of the trial was set for May 17.

The insolvency application was filed on the same day when Hexi Pharma owner Dan Condrea was heard at the General Prosecutor's Office.

Last week, prosecutors opened a criminal case based on public information on disinfectants produced by Hexi Pharma. A criminal investigation was initiated for the offences of hindering disease combat and falsification or substitution of food or other products.

Last Saturday, the investigators conduced searches at the Hexi Pharma headquarters and outlets, as well as at 25 medical units in 21 counties and Bucharest, where they seized samples and documents. On the same day, prosecutors conducted searches at Dan Condrea's home.

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