STADA Arzneimittel AG is a German pharmaceutical company headquartered in Bad Vilbel, Germany that was founded in 1895. It began as a collaboration between pharmacists to jointly produce medicines more economically. In 1960, Hemofarm AD was founded in Vršac, Serbia and is now a leading generic pharmaceutical producer in the region. Hemofarm joined STADA group in 2006, making STADA one of the largest generic drug companies worldwide.