1977 - Foundation
The company was founded in 1977 and began conducting research on medicinal plants, specifically African Voacanga, which normally have pharmacological activity.
1986 - Award
Medal for merit in research and development.
1991 - Entry into USSR
An important moment was when COVEX entered the Soviet Union in 1991, thanks to the patent that had been granted a few years earlier in that part of the world, when the company had only 20 employees.
This patent led to a $9,000,000 contract with the USSR Department of Health for the sale of Vinpocetine tablets (Vinpocetine Covex 5 mg), a drug for neurological use.
1998 - Award
Silver Award at the Hall of Inventions in Geneva, Switzerland
2000 - Factory expansion
Start of works to expand the factory. Investment of €6 million.
2004 - Award
2004 Reemprende Award “Project with the greatest international projection”.
2005 - Award
SME 2005 Internationalisation Award.
2014 - China Pioneer Pharma
On 1 July 2014, China Pioneer Pharma Holdings Ltd. became the sole shareholder of Covex S.A.
2018 - Expansion of facilities
Start of works to expand the factory with a new pharmaceutical plant. Investment of €5 million.
2024 - New strategic partner
In 2024, China Pioneer Pharma ceased to be a shareholder, giving way to a new European strategic partner, focused on the development and commercialisation of pharmaceutical services worldwide.
