Bulgarian Food Supplement Maker to Launch Production of Medicines

Bulgaria's largest producer of food supplements Fortex Nutraceuticals plans to expand by launching the production of pharmaceuticals, according to CEO Georgi Filipov.

Filipov, as cited by money.bg, announced Tuesday at an official presentation of the company's production facility that Fortex Nutraceuticals had been issued a license for the production of medicines by the Bulgarian Drug Agency.

The company has so far invested BGN 5 M into the construction and upgrade of its production facility in Sofia's Suhodol district.

Fortex Nutraceuticals plans to register 10 medicinal products by end-2015.

The first product will be over-the-counter medication for cold and flu symptoms and will have the trademark name Flurapid.

Fortex Nutraceuticals is a Bulgarian company with over 20 years of experience in the production of food supplements and cosmetics.

The company exports its products to over 15 countries in Europe and Asia and has a portfolio of 100 items.

It has a staff of 70 and an annual turnover of nearly BGN 8 M.