Teva Gyógyszergyár inaugurates HUF 800 million lab

Pharma

The local unit of Israeli pharmaceutical company Teva inaugurated a close to HUF 800 million laboratory at its base in Debrecen on Wednesday, according to a report by state news wire MTI.

The lab will double in vitro testing volume in Debrecen, base director Radovan Toman said.

He noted that Teva plowed HUF 450 billion into CAPEX and R&D in Hungary before the latest investment.

Teva's plant in Debrecen produces 7 billion doses of medicine a year.

Teva Gyógyszergyár had revenue of HUF 206 bln last year and the company targets similar turnover this year. About 80% of revenue comes from exports.

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