Swiss hygiene products company to invest in Bulgaria

The Swiss producer of personal hygiene products "Trisa" is planning to build a production and logistics facility in Bulgaria. The company has bought for the purpose 27 decares in the Sofia East industrial park, near ... More


Sarantis sets up subsidiary in Portugal

Sarantis Group on Tuesday announced the set up of a subsidiary company in Portugal, Sarantis Portugal, to be based in Lisbon. The company said this move was part of a strategy to enhance distribution of cosmetics and to expand in ... More


Lavipharm: Laboratoires Lavipharm sold its subsidiary Hitex for 3.1 mln euros

Lavipharm announced on Tuesday that French company Laboratoires Lavipharm SA, in which it has a 45 percent stake, sold its subsidiary Hitex to FIAG Holding, Codif Recherche & Nature and Robertet for 3.127 million ... More


Japanese pharmaceutical company Astellas Pharma Europe to open branch office in Serbia

Japanese pharmaceutical company Astellas Pharma Europe Ltd is going to open a branch office in Serbia, which will be celebrated at a ceremony in the White Palace in Belgrade on December 11th. Astellas Pharma Europe Ltd, with ... More


Korres Group opens first shop in Belgium

Korres Group on Thursday announced the expansion of its activities in Belgium, with the opening of its first independent retail shop in Grand Sablon, Brussels. The group said its growth strategy focused on developing its network ... More


Greek pharmaceuticals/cosmetics/detergents industry's production up 11.3 pct in Jan-Aug

The Greek pharmaceuticals/cosmetics and detergents industry remains in a positive course this year as it continues to improve its export performance, a development that helped the industry to report remarkable operating profits ... More


Pliva opens new plant worth USD 100 million

The Pliva pharmaceutical company in Zagreb on Friday opened a new plant for the production of dry oral medications, worth more than US$100 million. The new plant is expected to considerably increase the company's capacity for ... More


Watson Buys Actavis Group for EUR 4.25 B

Actavis is the biggest manufacturer of legal drugs in Bulgaria. Watson Pharmaceuticals, a US generic drugmaker, has finalized the acquisition of Actavis, which is the biggest producer of medications in Bulgaria. The deal ... More


Citigroup Fund Buys 38% of Bulgarian Pharmaceutical Company

In September, Citi Venture Capital International, a subsidiary of global investment bank Citigroup announced (CVCI) it is going to purchase 38% of the Bulgarian animal health company Huvepharma. Huvepharma is a manufacturer of ... More


Bulgaria's Sopharma to launch a BGN 70 M Plant

In December, Bulgarian pharmaceutical giant Sopharma formally launched in Sofia the construction of its new factory, a massive investment worth BGN 70 M. The company pointed out that the construction of new factories ... More


Bulgarian Sopharma reiterates 2010 sales forecast

Bulgarian pharmaceuticals maker Sopharma sticks to its outlook for a growth of 12% to 15% in sales to between BGN 230 million and BGN 236 million for the full 2010, CEO Ognian Donev said on Thursday during the groundbreaking ... More


Bulgarian Sopharma Trading's profit soars to BGN 5.3m

Bulgarian drug distributor Sopharma Trading, part of local pharmaceutical group Sopharma, saw its profit triple to BGN 5.3 million in the first nine months of 2010 compared with the corresponding period a year earlier. ... More


Galenika to open office in Albania

Belgrade based pharmaceutical company Galenika announced that it will open an office in Albania by the end of the year, reports Tanjug news agency. Albanian Health Minister Petrit Vasili and his associates, who arrived on an ... More


Four companies interested in Galenika

German company Stada, Greek Alapis, American Abott and investment fund OMNIA are the four companies which bought the documentation in the first step of the privatization process of Serbian pharmaceutical company ... More


PHARMACON:International Conference on Counterfeiting Medicines

Belgrade will host an International Conference on Counterfeiting Medicines PHARMACON, which will be held on February 25th at Hotel Jugoslavija. Organized by the Front Agency, the conference will start at 9.00 am. For more ... More


Greek pharmaceutical market undergoing changes

The Greek pharmaceutical market is currently witnessing a wide-range of changes, with Novartis taking the lead in the market, outpacing Pfizer and Sanofi-Aventis in an environment of lower sales volume and higher sales value, a ... More


Kuwaiti buy shares of Krka

From December 8th to December 15th, Investment Authority, Kuwait sovereign wealth fund, purchased additional 15,386 shares of the Slovenian pharmaceutical company Krka. The fund thus increased its stake to 36,500 shares or one ... More


Lilly is creating a major chain of pharmacies

The Lilly Drugstores Company is planning to buy a chain of pharmacies and form a chain store of at least 100 retail outlets, says Lilly Drugstores manager Tamara Zujovic. She says that this company has changed the business ... More


EC okays privatisation of Antibiotice

The European Commission agrees with the privatisation of Antibiotice Iasi drugs maker by an open cry auction, a method selected by the State Assets Realisation Authority (AVAS), AVAS informs in a press release. In a letter to the ... More


Atlantic Grupa forms chain of 28 pharmacies

After recent acquisitions, a retail pharmacy chain with annual turnover of about HRK 220mn was created. Taking part in the privatization process of the City and County pharmacies follows. Atlantic Grupa took over three ... More