Richter fires commercial director, falls on bourse

Pharma

Hungarian drugmaker Gedeon Richter announced this morning it had terminated the employment status of its commercial director, Endre Pokomandi, effective October 19, 2015, Hungarian news agency MTI reported.

CEO Erik Bogsch will supervise the companyʼs commercial activities until the appointment of a new director, Richter said.

By 9:22 a.m. this morning Richter was the biggest loser on the Budapest Stock Exchange, trading down 0.75% at HUF 4,635, data published by MTI suggest. By 12:10 p.m. Richter dropped 1.37% to HUF 4,606, MTI reported.

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