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Philipp Haas – Chairman of the Board and CEO of DEVA

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What is the background of DEVA?
DEVA was established in 1958 to make APIs, antibiotics and finished dosage forms in Turkey. Pharmaceutical products were not easily obtainable in Turkey then, because it was a small and closed market and imports were restricted. EastPharma has injected a significant amount of new capital into DEVA since taking over. Old facilities were closed, new ones were built within the same sites and products were transferred in. At the time, this was Europe’s biggest pharmaceutical investment, at around €250 million. Now we have US FDA and EU approval for our factories. We regarded pro