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Pharmaceutical industry

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Two New EGIS Plants in Körmend

D&T
Oct 19, 2021

In order to increase their pharmaceutical production capacity, the French-owned Egis Pharmaceuticals has expanded its site in Körmend. With the investment of more than EUR 21.8 million, in addition to the new packaging factory, Egis has also established a plant with special know-how and technological needs, typically suitable for the production of oncology products; thereby […]

New Managing Director, New Venue at Roche Hungary

D&T
Oct 10, 2021

Important changes ahead in the life of the Swiss Roche Group's Hungarian subsidiary: a new managing director, Raffella Bondi has arrived at the helm of the company, which will continue its operations in the Budapest One office building. In parallel to the move, the pharmaceutical company is also moving to an agile organizational model. With […]

Less Profit but Still Good First Half Year for Richter

D&T
Aug 3, 2021

The decline in sales of some contraceptives, the absence of major acquisitions and the exchange rate movements reduced the profit at the Hungarian pharmaceutical company Gedeon Richter Plc. The after-tax profit of Gedeon Richter Plc. fell by 9.3% to HUF 54.9 billion in the first half of this year. Yet the company's revenue rose to […]

Gedeon Richter Divesting in the Republic of Moldova

D&T
Jun 21, 2021

The Hungarian pharmaceutical firm Gedeon Richter Plc. announced this Monday that it signed a multi-party agreement to divest its wholesale operation to Grin-Farm S.R.L. and its retail operations to BIRIVOFARM S.R.L., both in the Republic of Moldova. Richter as a majority owner of both the wholesale and the retail operations is entitled to approximately 62% […]

Richter Expands Cooperation to Japan and Taiwan

D&T
Jun 2, 2021

Gedeon Richter Plc. has announced that it extended its existing licensing agreement with AbbVie, originally dated 2004, for the development and commercialization of its own-developed molecule, cariprazine. The initial agreement covered the territories of the USA and Canada and was extended in 2019 to include certain countries in Latin America. The present agreement further expands […]

Gedeon Richter Contraceptive Approved by the EC

D&T
May 21, 2021

The Hungarian pharmaceutical Gedeon Richter Plc. has announced that the European Commission has granted approval for the marketing authorization of the novel combined oral contraceptive containing 15 mg estetrol and 3 mg drospirenone. This decision followed a positive opinion from the Committee for Medicinal Products for Human Use (“CHMP”) of the European Medicines Agency (“EMA”) […]

Pandemic Crisis Management at Gedeon Richter

D&T
May 10, 2021

As the world enters into the second year of the COVID-19 pandemic, the Hungarian pharmaceutical company Gedeon Richter Plc. continues to regularly provide a brief update of its impact on the health and wellbeing of its employees and its operations at large. According to OECD Statistics, global GDP declined by 4.2 % in 2020 due […]

Roche to Enlarge SSC Center in Budapest

D&T
Apr 15, 2021

The Switzerland-based pharmaceutical company Roche is going to increase the number of its collaborators in positions creating high added value in its service center located in the Hungarian capital. The 250 new employees will provide support to the subsidiaries of Roche in 60 countries in the fields of finance, purchasing, HR and information technology. Roche […]

Pharma factory Built to Produce Coronavirus Pills

D&T
Mar 11, 2021

A plant built with state subsidy by the pharma company Meditop in Pilisborosjenő, NW of Budapest, was inaugurated this Thursday, It will be here that preparations used to treat coronavirus patients are manufactured and developed. During the inauguration ceremony, Minister of Finance Mihály Varga was of the view that thanks to the Health Support Program, […]

Gedeon Richter Maintains Strategic Direction

D&T
Feb 26, 2021

In its 2020 report to the Budapest Stock Exchange, the Hungarian pharmaceutical company Gedeon Richter Plc. states that the company managed to service its customers on time and in full also into the last quarter of the reported year despite a sharp increase in COVID-19 case numbers in its countries of operation. Additional protective measures […]

Hungarian-Belgian Pharmaceutical Agreement

D&T
Dec 23, 2020

The Hungarian pharmaceutical company Richter and the Belgian pharma firm Mithra strengthen their partnership with the signing of a license and supply agreement for the commercialization of a novel oral contraceptive to Latin America. Gedeon Richter Plc. and Estetra S.A, the wholly owned subsidiary of Mithra Pharmaceuticals, have announced that they extended their partnership and […]

Sanofi Increasing Production Capacity in NE Hungary

D&T
Oct 19, 2020

Hungary's second largest healthcare company, Sanofi, is investing about EUR 22 million euros (approx. HUF 7.9 billion) in its Miskolc plant, increasing its production capacity for pre-filled syringes by 50%. The Hungarian government contributes HUF 1.2 billion to wards the investment. Following the investments of the past years, Sanofi is now launching another significant expansion […]

Béres Pharmaceuticals in Szolnok

Béres Pharmaceuticals Expands in Szolnok

D&T
Oct 15, 2020

The foundation stone of a new production facility for Béres Pharmaceuticals was laid this Thursday in Szolnok E Hungary. The Hungarian pharma firm is expanding its activities in Szolnok with an investment of more than HUF 6 billion (which is currently close to EUR 17 million). Finance Minister Mihály Varga announced at the ceremony that […]

Doing Now What Patients Need Next

Sándor Laczkó
Oct 3, 2020

Providing medical solutions that improve people’s quality of life on a daily basis, while also constantly working on the innovations of the future – this dual mission of the Swiss multinational healthcare company Roche is also the driving force for the management and staff of the Hungarian subsidiary established back in 1984. Roche is the […]

Richter Share Price Breaks Record

D&T
Aug 24, 2020

A three-year price record for the shares of the Hungarian pharmaceutical company Gedeon Richter was broken on Monday: the price rose above HUF 7,300 at the Budapest Stock Exchange. The company is one of the winners of the coronavirus epidemic, it is helped by the weakening of the Hungarian currency, and its sales are not […]

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