About

With over ten years of in-house experience, Mihaela Scarlatescu stands out for her success as a leader in the pharmaceutical industry with a wide range of previous experience in representing clients in various fields of activity, involving real estate competition, labour legislation and commercial litigation. Scarlatescu’s professional activity is completed with over ten years of specialisation in all branches of the pharma industry: manufacturing, promoting, regulatory, wholesale and retail. Due to the challenge and opportunity of being ethical whilst creative in a highly regulated field, Scarlatescu explains that this multi-faceted quality of the sector makes the pharmaceutical industry her ‘guilty passion’ giving the opportunity to ‘be innovative, proactive and reactive at the same time’. An example of one of these occasions is during the financial crisis, when more than 1,000 pharmacies became bankrupt due to the late payment from the National Public Health Insurance house for drug producers and drug distributors. It became a challenge to sell products and recover the debts which required Scarlatescu to coordinate court procedures where necessary, adopting a tailored approach to handle more than 500 court cases. The company succeeded not only to recover cash flow important for continuing company operations, but also in gaining the trust and respect of other pharmacies in the market. In the last 18 months Scarlatescu has been instrumental on the acquisition of more than 80 pharmacies despite the sensitive pharmaceutical environment, managing to accomplish targets in a very short period in addition to completing a large-scale complex real estate project. Managing a legal team of 15 members, Scarlatescu has impressed peers by leading the department in carrying out all the legal activity of the Group, encompassing the operations of 20 companies in 7 countries with 4,500 employees that manufacture and retail the latest medicines.