Tabex

A step further for Sopharma’s Tabex in the US

Smoking cessation drug Tabex US rights holder Achieve Life Sciences closes merger with OngoGenex Pharmaceuticals, according to a regulatory filing by the latter. Cytisine has been an established treatment produced and marketed in Central and Eastern Europe by Sopharma for 15+ years under the brand of Tabex. The road of Tabex to US Leading generic… Read more


Bulgarian Stock Exchange

SOFIX rises to 9-year high and expands valuation 20% q/q

SOFIX P/E valuation expands 20% q/q to 11.6x earnings in Q2 2017, according to Bloomberg data. Valuation remains unchanged y/y as stock valuations advance with corporate fundamentals. Current SOFIX P/E is only slightly above its 12M moving average signaling room for further expansion. The index booked fourth consecutive daily rise on 10 August 2017 to… Read more


ELANA Agrocredit

ELANA Agrocredit will pay dividend starting from 22 August

ELANA Agrocredit will start dividend payment as of 22 August 2017. Shareholders can get their dividends till 22 November 2017. If a shareholder misses this payout deadline, they have 5 years ahead to make a request for their dividend. ELANA Agrocredit dividends The General shareholders’ meeting on 30 June 2017 approved gross dividend per share… Read more





Sopharma

New equity research report: Sopharma’s recovery is speeding up

Sopharma, the leading generic pharmaceutical company in Bulgaria, is recovering faster than expected from the Russia/Ukraine conflict on strong exports – this was concluded in the latest equity research report by ELANA Trading analysts covering Q1 2017 earnings of Sopharma. Sopharma’s top line recovery speeding up Sopharma’s top line is recovering faster than ELANA Trading’s… Read more


Independent Bulgarian Energy Exchange

Bulgarian Stock Exchange to acquire Independent Bulgarian Energy Exchange

The Bulgarian Stock Exchange (BSE) to acquire the Independent Bulgarian Energy Exchange (IBEX), according to an announcement by the Company. Bulgarian Energy Holding that currently controls 100% of Bulgarian Energy Exchange has to sell the exchange due to EU energy liberalization regulations by July 31st, 2017, according to latest agreements with the European Commission. Bulgarian… Read more


Bulgarian Stock Exchange

Bulgarian Stock Exchange to start government securities trading

Bulgarian Stock Exchange (BSO BU) to start government securities trading as early as October 2017, according to a statement by the bourse operator. The stock exchange has received the regulatory nod as to the trading rules. By September 30th, 2017 a functional connection is expected to be implemented between the stock exchange and the Bulgarian… Read more