Eastpharma Ltd (EAST)

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Company Description

Eastpharma Ltd was established on August 17, 2006 and is incorporated in Bermuda. The Company is a pharmaceutical company engaged in manufacturing and marketing of branded and in-licensed generic pharmaceuticals in Turkey and other regional markets. It specializes in the production and marketing of human pharmaceuticals, active pharmaceutical ingredients and veterinary products. The Company's operations are complemented by its consumer goods business line, which includes the manufacture of ampoules and hygienic products. It is organized into three segments: production and sale of human pharmaceuticals, veterinary products and others. Human pharmaceuticals segment is involved in the sale of branded generic and licensed products. Branded generic products are finished pharmaceutical products that Deva produces and sells under its trademarked name rather than the chemical name of the active pharmaceutical compound. Licensed products are finished pharmaceutical products that the Company produces and sells under licenses from other pharmaceutical companies that hold the rights to the pharmaceutical compound. In addition to manufacturing activities, it also conducts, at its microbiology laboratories, tests and research on the adaptation of raw material, selection of micro-organisms, formulation of culture medium, and executes various test and research fermentations on pilot fermentators. Veterinary Products segment is engaged in the sale of products that meet the needs of veterinarians and animal breeders. The operations in the other segment include cologne. The Company has approximately 139 pharmaceutical molecules in 277 pharmaceutical forms ranging from antimicrobial agents to antineoplastics and antihypertensive...