Richter CEO Gábor Orbán said Richter, as the biggest pharma company in Central Europe, could only organise networks and ensure integration with the innovation value chain in those areas in which it was world class: neuropsychiatry and women’s healthcare.

Organising those networks was no easy task, but the endeavor was supported by the change in Hungary’s model of higher education, he added.

Speaking at the signing, Culture and Innovation Minister Balázs Hankó highlighted Hungary’s higher education model that fosters cooperation between universities and economic players with the aim of undertaking research that can produce applications quickly.