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IntelliNews Bulgarian Pharmaceutical Report
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Description: |
The Bulgarian Pharmaceutical Report offers an extensive summary of the Bulgarian pharmaceutical sector. Includes a complete coverage of the latest developments as well as the latest corporate news accompanied by statistical data. This sector report is ideal to keep you abreast on the recent company and sector news. Written by local analysts, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions. |
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Contents: |
Overview Manufacturing Distribution Regulation Corporate Profiles
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Summary: |
The Bulgarian pharmaceutical market has increased by 12.1% to EUR 392.7mn last year, accelerating from 10.1% growth posted in 2004, data from the Bulgarian Drugs Agency indicate. However, while the consumption of imported drugs has increased by 19.1% to EUR 295mn, the sales of locally produced drugs have dropped 4.7% to EUR 97.6mn. The local sales of the country’s two most important drug makers (Sopharma and Actavis) have been disappointing in Q1. Some of the more important latest developments include: (i) net profit of Sopharma drops 43% y/y in Q1; (ii) four local firms enter ownership structure of Sopharma; (iii) Sopharma acquires local Biopharm Engineering; (iv) Sales of Biovet surge y/y in Q1; (v) Net profit of Bulgarian Rose Sevtopolis doubles y/y in Q1, company to raise up to EUR 4.6mn through a capital hike; (vi) Eli Lilly selects Tchaikapharma as its strategic partner for Bulgaria; (vii) National Health Insurance Fund halves distributor mark-ups. |
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