Actavis EAD

Company

BALKANPHARMA is the largest pharmaceutical manufacturer in Bulgaria. It comprises the three largest Bulgarian pharmaceutical companies in Dupnitza, Razgrad and Troyan.

BALKANPHARMA has re-established the reputation of Bulgaria as a reliable source of innovative, high quality and competitively priced medicines. In 2001 the sales of Balkanpharma were more than $ 110 million. Approximately 50 % of the total sales were realized on foreign markets. Our pharmaceutical products were sold in 55 countries. 

BALKANPHARMA employs over 4400 highly skilled professionals. The company takes special cares for the training and remuneration of the staff and creates opportunities for professional career development.
 
Following the merger of Balkanpharma with its strategic investor, PHARMACO, the upgrade of the production facilities in full compliance with the European Good Manufacturing Practice standards, has become a top priority goal for Balkanpharma. 

Significant resources are allocated to the development of Balkanpharma. In 2001 the investments are & 11 million, for 2002  $ 20 millions are planned for investments.

According to Mr. Sindrason, Chief Executive Officer of Balkanpharma, the future for the company is to become one of the powerful manufacturers of generic products in Eastern Europe and the Central European area. 

ITCD