Company Facts

Tchaikapharma is a generic pharmaceutical company with remarkable profit margins and growth potential. A brief comparative overview of the financials of Tchaikapharma and TEVA, the world’s largest generic manufacturer, also operating in Bulgaria, showcases Tchaikapharma’s financial health and profitability. As of 31 December 2009, Tchaikapharma reports net profit of 23.57% of annual sales revenue compared to 14.38 % by TEVA and operating profit margin of 24.16% against 17.3% for TEVA for the same year. Long-term debt at Tchaikapharma stands at 0.83 times the net income for last year compared to 3.46 times at TEVA. (Source: Companies’ reports from 31 March 2010 and 12 February 2010, respectively.)

2009 financial results:
Top line: EUR 14,000,000
Bottom line: EUR 3,300,000
(One time gain or loss is excluded)

Tchaikapharma manages two manufacturing plants, a team of medical representatives, a research and development unit, marketing groups, and a drug registration department.

Manufacturing capacity:
• 2,181 square meters of general manufacturing area
• Shop for tablets and capsules (coated and uncoated tablets), equipped by granulation machines, dry-mixing, tableting and coating
• Six packaging lines and one labeling line
• Total annual capacity: 500 million tablets in 1,140 batches (of which 30% coated tablets) and 17 million secondary packagings
• Warehousing capacity (RM+WIP+FG): 1,500 square meters
• Control labs – chemical and microbiology – 257 square meters
• Forty-five manufacturing employees
• Thirteen quality control employees
• Fifty-two marketing employees
• Administrative and financial control – 14 employees
• SAP-based software
• LIMS software for the control labs

Manufacturing process management includes:
• Logistics and planning of manufacturing
• Manufacturing
• Quality control and assurance
• Pharmacovigilance

Medical representatives activities include but are not limited to:
• Fifty visits per week
• Complete coverage of the country
• Wholesaling through the network of Commercial League everywhere in the country
• Distribution through the network of Commercial League everywhere in the country
• Retail in the pharmacies
• Activity in a wide range of hospitals, both general and specialized ones, including the family of cardiac hospitals of the Bulgarian Cardiac Institute in Pleven, Yambol, Veliko Tarnovo and Varna