ALK to exit Turkish market: "It's bad business if all we get is peanuts"

A number of conditions made it unfeasible for the Danish allergy firm to do business in Türkiye, says CEO Carsten Hellmann. Under a calculated and ruthless strategy to focus on markets with momentum, efforts in Italy and Spain have also been reduced.

ALK's Turkish workforce will have look for employment elsewhere | Photo: ALK / PR

Getting a viable business running in Türkiye has proved difficult for ALK, which is why the Danish allergy firm has decided to pack up and leave the country.

”The entire regulatory environment, the authorization environment for our products, in addition to the market environment, made it unfeasible for us to establish a coherent business there,” ALK’s chief executive officer, Carsten Hellmann, tells MedWatch.

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