EastPharma was established in 2006 with the aim of becoming a major player in the fast growing emerging markets pharmaceutical industry by means of organic growth, acquisitions and consolidation in fragmented markets.
Since EastPharma indirectly acquired control of the Turkish generic pharmaceutical company DEVA in 2006, and Saba in 2007, it has applied experienced management expertise to ensure these subsidiaries are in a strong position to increase their market share and profitability.
The first major undertaking of EastPharma was to facilitate the implementation of DEVA’s new growth strategy, a leading Turkish generic pharmaceuticals company. In 2006, EastPharma indirectly became DEVA’s majority shareholder and installed a new management team.
As a result, EastPharma currently indirectly holds 82,21% of DEVA shares.