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Nov 22, 2017 11:48 EEST
November 22 (SeeNews) - Bulgarian drug distributor Sopharma Trading [BUL:SO5] said on Wednesday it will take over the marketing and management of all products under the Medica brand.
The changes are in line with the global strategy of the parent company, Sopharma, to bring together all subsidiaries under one brand, Sopharma Trading said in a bourse filing.
They will diversify Sopharma Trading's business model and will increase its presence in the pharmacies and hospitals market, it added.
In August Bulgarian drug producer Sopharma [BUL:3JR], the parent company of Sopharma Trading, said it had completed the merger of local peer Medica [BUL:5MA] into the company.
Medica is a manufacturer of bandages, drugs and pharmaceutical products.
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