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.