Austrian drug store chain to arrive in Bulgaria '09

DM Drogerie Markt, the Austrian retailer of household medicinal supplies, beauty, bath and baby care products, said it plans to open its first stores in Bulgaria in early '09. The company is already recruiting local staff and ... More

Greek Pharmaceutical Chain Eyes Acquisition in Bulgaria

Greek pharmaceutical firm Alapis targets the acquisition of a Bulgarian chain of pharmacies before the end of the month as part of its strategy of expansion throughout southeastern Europe, Greek newspaper Imerisia was quoted by ... More

Galenika builds factory next year

Investment is worth EUR 46mn, while deadline for the completion of works is 23 months from signing the contract. The Company will fund the investment on its own. Galenika signed a contract on building a factory of solid ... More

Bulgarian drug maker Sopharma to acquire Ukrainian peer

The board of drug maker Sopharma has authorised the executive director of the company Ognyan Donev to pursue the acquisition of an unnamed Ukrainian pharmaceuticals manufacturer, the Bulgarian outfit said in a filing with the ... More

Lek Launches Development Centre for Biopharmaceuticals

Drug maker Lek on Thursday launched a development centre for biopharmaceuticals, one of six such centres in the Novartis group. The EUR 7m facility will strengthen the position of Lek and Sandoz in biopharmacy, Lek chairman ... More

Sopharma buys stake in Latvian drug maker

Local drug maker Sopharma has acquired a stake of less than 1% in Latvia's Olainfarm, one of the three biggest pharmaceuticals companies in the Baltic region, the Bulgarian corporation said in a filing with the Sofia stock ... More

Pliva to sell business in Italy

Pharmaceutical company Pliva stated it is selling its commercial operations in Italy to the company Biomedica Foscama Industria Chimico-Farmaceutica, 'Croatia Today' reports. On the basis of this contract Biomedica is acquiring ... More

Alapis to acquire Serbian Sumadijalek

Alapis signed an agreement with the Serbian Privatisation Authority to acquire 68.25% of the Serbian pharmaceutical company Sumadijalek for EUR2m. The agreement must be ratified by the country’s competition authorities. ... More

PLIVA-BARR Pharmaceuticals buys German O.R.C.A.PHARM

Croatian pharmaceutical company PLIVA, of American group Barr Pharmaceuticals, announced that its German subsidiary AWD.pharma GmbH & Co.KG has acquired private German pharmaceutical company O.R.C.A.Pharm. O.R.C.A.Pharm is ... More

Sano-Bruno Enterprises to enter the Romanian market

Israeli company Sano-Bruno Enterprises plans to enter the Romanian coffee market, according to the international press. The company has started Rom Café company, where it owns 51 percent of the shares. The company has ... More

Remedio invests EUR 3 mln in rebranding

Remedio pharmacies network invests EUR 3 million in rebranding campaign. The process will take place in the 21 units and will be finished in 2009. On long and medium term, the company, will open new units, to reach 75 and by the ... More

Nevena Chemical to go to auction on September 13

Nevena Chemical Industry, a Serbian firm specialised in cosmetics prodcution that is based in the southern town of Leskovac, will be put to auction by the Privatisation Agency at a starting price of 34.2 million dinars (some ... More

Mediplus invested EUR 900,000 in proprietary storage capacity in Craiova

Medicine distributor Mediplus, part of the Dutch pharmaceutical group A&D Pharma, invested close to EUR 900,000 in a storage capacity, in Craiova, this being the ninth unit within this category, owned by the company, Mediafax ... More

Sensiblu to export cosmetics to Western Europe

The drugstore chain Sensiblu, the biggest retail chain of the Romanian pharmaceutical sector, aims to export cosmetics to Western Europe. Dragos Dinu, the company's CEO says Sensiblu will present abroad through its partners all ... More

Turkish drug producer debuts in US market

Turkish generic pharmaceutical producer Mustafa Nevzat has begun selling its products to the US market after receiving approval from the Food and Drug Administration (FDA) for 28 of its drugs. This is the first time that a ... More

Pharma Company Krka Receives Excellence Award

Pharma company Krka was awarded as the company that employed the highest number of experts in 2006 at a two-day international forum of excellence in Otocec on Friday. "Krka is a successful, attractive and development-oriented ... More

Kosovo exports pharmaceuticals

As reported in the Kosovar media, the pharmaceutical company from Prizren, Farmakos, has begun to export its products to neighbouring countries, the Middle East and Arabic states. As reported, the quality of the ... More

Sopharma Imoti raises 6 mln levs on local bourse

Special purpose vehicle Sopharma Imoti has raised 5.85 mln levs from its capital raise, said the Bulgarian stock exchange on Tue. The capital of the company is doubled to 11.7 mln levs. The cash raised by the capital hike will be ... More

Three Farmec Cluj - cosmetic branches in Europe, by end of 2008

Farmec Cluj company, leader on the Romanian cosmetics industry, will open three branches in Europe by the end of 2008, reads the company’s communiqué released yesterday to the press. The first Farmec branch will be ... More

Bulgarian drug co Sopharma to make GSK asthma product

Bulgarian drug maker Sopharma will start manufacturing 2 of GlaxoSmithKlein's Flixodite asthma formulations for adults and kids, the Bulgarian stock exchange announced Tuesday, February 13. GSK has already transferred the ... More