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.

ADVERTISEMENT

PMI Falls to 55 Points Figures

PMI Falls to 55 Points

Gov't Guarantees on Liabilities Climb Over 9% of GDP in 2021 Government

Gov't Guarantees on Liabilities Climb Over 9% of GDP in 2021

OXO Technologies Looks for New HQ Elsewhere in EU Innovation

OXO Technologies Looks for New HQ Elsewhere in EU

Hungary Adopting Performance-based Financing for Arts Art

Hungary Adopting Performance-based Financing for Arts

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.