It was founded and led by Aleksandar Višnjić, political activist, former member of Otpor!

and Democratic Party (DS) and professor at Faculty of Medicine of the University of Niš.

It is one of four parties that won less than 10,000 votes even though they had to submit exactly the same number of signatures in order to be able to run in the elections.

The Reformist Party ran again in 2008 and 2012 Serbian parliamentary elections, but was below the threshold both times.

[3] In 2021, the Reformist Party presented pulmonologist and conspiracy theorist Branimir Nestorović and former MP Miladin Ševarlić as their candidates for the 2022 Serbian general elections, however, the Reformist Party did not manage to collect enough signatures and it ultimately did not participate in the elections.