Egis Division to Develop, Produce Active Ingredients for Partners
French-owned Hungarian pharmaceutical company Egis Gyógyszergyár on Tuesday announced the launch of a new division to develop and produce active ingredients for industry peers as a contracted partner, according to a report by state news wire MTI.
Egis unveiled its new business, dubbed Egis Pharma Services, at the industry trade fair CPHI taking place in Barcelona on October 24-26.
Egis noted that its R&D and production activities are conducted solely in Hungary.
Egis CEO Csaba Poroszlai said the company's vertically integrated structure gave Egis a big advantage.
Egis had revenue of HUF 219 billion in its business year ended September 30.
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