The Direct Pharma Logistics group of pharmaceutical companies, consisting of Direct Pharma Logistics, Pharmalink, and Farmatop, dedicated to implementing innovations in the healthcare market and improving patients’ lives, is expanding its medicine distribution operations in Bulgaria, with a further expansion to take place next year in the Republic of Moldova.
The expansion process is part of a strategy that has set ambitious goals for the future: the 50 million EUR milestone is the next target, along with maintaining the EBITDA indicator at double-digit percentage levels and increasing turnover by at least 10% annually.
“Our mission is to facilitate the access of Bulgarian patients to innovative medicines and solutions that are not available on the Bulgarian market for various reasons related to the strategies of the companies and authorities in the respective countries. That’s why we decided to get involved in this process, to cover as many of the links as possible: product registration, product promotion, import and distribution”, says Octavian Iacob, Co-Founder of Direct Pharma Logistics.
Bulgaria is a market with a lot of potential, as there is a major shortage of medicines, according to the Bulgarian Pharmaceutical Union. In addition, although the number of pharmacies is almost double the European average, there is a significant shortage in terms of the number of pharmacists, and therefore of support and advice in terms of patient treatment.
„We will work closely with Bulgarian manufacturers to launch new products on the Romanian market. Another objective is to better understand the needs of Bulgarian authorities, doctors and patients”, says Marius Mincă, CEO of Pharmalink.
For now, the commercial structure of the organization in Bulgaria will be composed of a general manager, in the person of Marius Cănălău, a chief pharmacist, a legal adviser and 4 medical representatives, while the warehousing, logistics and distribution will be coordinated by the group’s local partner, the Bulgarian company Medex.
The post Direct Pharma Logistics Expands Operations in Bulgaria appeared first on The Romania Journal.
