Pharma

Pharma

Gedeon Richter forecasts 6% drop in revenue for 2014

Hungary-based pharmaceutical producer Gedeon Richter expects revenue to fall 6% this year due to a decline in turnover in Russia,...

Pharma

Michelin to close Budapest plant due to “shrinking tire market”

Michelin Hungária today announced the planned closure of its plant in Budapest. Labeling the facility “outdated,” the plant will be...

Pharma

Tire sales for Q1 up 21.3% in Hungary, 10% in EU

Data from the European Tyre & Rubber Manufacturers Association (ETRMA) shows that sales on tires for passenger cars and light...

Pharma

KSH confirms retail sales jump, pace for record year

The Central Statistics Office (KSH) confirmed another month of outstanding year-on-year growth for retail sales in Hungary, specifically a 6.7%...

Pharma

Ministry predicts 8% to 24% increase in FDI in 2014

Foreign direct investment could reach €2.5 billion to €3 billion in 2014, not including large individual transactions such as transit...

Pharma

On Philippines’ Gambit in South China Sea

Tensions between China and the Philippines spiked in March when a small civilian boat was confronted by a Chinese Coast...

Pharma

Szijjártó: New licenses mean “significant” growth in exports to China

Hungarian exports to China will grow significantly thanks to a license that has Hungary received at the end of a...

Pharma

General Electric inaugurates 8,000-sqm plant

General Electric (GE) today inaugurated an 8,000sqm plant that will make unit control panels (UCP) for combined gas and steam...

Pharma

EC endorses investment aid for Hankook Tire

The European Commission has reported its authorization of €57.9 million in regional investment aid to Hankook Tire Hungary for the...

Pharma

Richter expects Q1 profit to fall on weak ruble

Pharmaceutical producer Richter expects its first-quarter operating profit margin to plumb record lows due to the fall in the value...

Pharma

Hungary explores agricultural exports to Iran

Hungary is exploring the opportunities to make up for agricultural deliveries to Iran that have been held up from Ukraine...

Pharma

Vnesheconombank turns down offer to acquire Dunaferr

Russia’s state-owned Vnesheconombank has turned down an offer by the Hungarian government to buy steelmaker ISD Dunaferr at talks on...

Pharma

Richter expecting decline in revenue for 2014

Pharmaceutical producer Gedeon Richter expects a decline in revenue, calculated in euros, for 2014, CEO Erik Bogsch said on Wednesday,...

Pharma

Richter to show Q4 profit, downgraded by Erste

With BSE blue-chip Gedeon Richter to announce its earning report for the fourth quarter of 2013 next week, speculation is...

Pharma

Orbán: Exchange rates not gov’t area (Also: Forint down again)

Governments must distance themselves from public debate on the matter of exchange rates, even at a time when the rates...

Pharma

Hungary Expands Drug Reimbursement After 2.5-Year Gap

Hungary has added 83 new active-substance and indication entries to its publicly funded medicine system, ending what the Association of...

Pharma

Genomate Builds U.S. Precision Oncology Platform Around Hungarian Research

Boston-based pharma firm Genomate is expanding its precision oncology business in the U.S. after combining its operations with Oncompass Medicine,...

Pharma

MSD Looking to Support Government’s Open Health Sector Approach

For public health in Hungary, the appointment of a dedicated Minister of Health for the first time in 16 years...

Pharma

One Step Into the Future: How Personalized Therapies are Redefining Modern Medicine

Although medicine has always been centered on the effective treatment of disease and improving patients’ health, physicians have traditionally relied...

Pharma

STI Hungary Acquisition Takes Local Pharma Logistics Know-how Into Wider Network

STI Hungary’s acquisition of the Complex Thermo System business line of Complex 3H Kft. brings a Hungarian-developed specialist pharma logistics...

Pharma

AIPM Warns Hungary Risks Falling Behind in Access to New Medicines

Hungarian patients could face slower, more unequal access to the newest medicines or even lose it altogether unless the country...

Pharma

PHOENIX Marks 3 Decades of Contributions to the Hungarian Pharmaceutical Supply System

PHOENIX Pharma Zrt. is one of Hungary’s leading pharmaceutical wholesalers, acting as a key partner to both manufacturers and healthcare...

Pharma

Business Innovation Becoming an Ethical Issue in the Pharmaceutical Industry

The pharmaceutical market has always operated in a complex and constantly evolving industry environment, but recent developments have noticeably accelerated...

Hungary Expands Drug Reimbursement After 2.5-Year Gap

Hungary has added 83 new active-substance and indication entries to its publicly funded medicine system, ending what the Association of...

Genomate Builds U.S. Precision Oncology Platform Around Hungarian Research

Boston-based pharma firm Genomate is expanding its precision oncology business in the U.S. after combining its operations with Oncompass Medicine,...

MSD Looking to Support Government’s Open Health Sector Approach

For public health in Hungary, the appointment of a dedicated Minister of Health for the first time in 16 years...

Goodwill Pharma Reports Record Revenue, Sets out Regional Expansion Plan

Goodwill Pharma Nyrt. reported consolidated net revenue of nearly HUF 23 billion for 2025, representing a 30% increase from the...

One Step Into the Future: How Personalized Therapies are Redefining Modern Medicine

Although medicine has always been centered on the effective treatment of disease and improving patients’ health, physicians have traditionally relied...

The Next Steps in the Pharmaceutical Market

Hungary’s pharmaceutical supply system operates on stable foundations, but a potential shift in business models, digitalization and patient-centered services will...

STI Hungary Acquisition Takes Local Pharma Logistics Know-how Into Wider Network

STI Hungary’s acquisition of the Complex Thermo System business line of Complex 3H Kft. brings a Hungarian-developed specialist pharma logistics...

From Treatment to Prevention: Why Hungary Needs a New Generation of Health Strategies

Hungary has an opportunity to strengthen the sustainability of its healthcare system through coordinated health strategies, says Konrád Keresztes, health...

AIPM Warns Hungary Risks Falling Behind in Access to New Medicines

Hungarian patients could face slower, more unequal access to the newest medicines or even lose it altogether unless the country...

Lilly Marks 35 Years in Hungary, 150 Years Globally

With healthcare systems around the world facing growing pressure from chronic diseases, aging populations, and increasing demand for innovation, meaningful...

Phoenix Pharma Opens HUF 8 bln Logistics Center in Győr

Phoenix Pharma Zrt. has opened one of Hungary’s most modern pharmaceutical logistics centers in Győr, following an HUF 8 billion...

PHOENIX Marks 3 Decades of Contributions to the Hungarian Pharmaceutical Supply System

PHOENIX Pharma Zrt. is one of Hungary’s leading pharmaceutical wholesalers, acting as a key partner to both manufacturers and healthcare...

OKPI, Roche Hungary Form Strategic Alliance for the Future of Healthcare

The National Korányi Institute of Pulmonology (OKPI) and Roche Magyarország Kft. have formally signed a strategic cooperation agreement, committing the...

AI, Logistics and the Shifting Future of Drug Distribution in Hungary

Ultra-cold storage units, volatile supply chains and the growing weight of artificial intelligence are reshaping how medicines move from manufacturers...

Business Innovation Becoming an Ethical Issue in the Pharmaceutical Industry

The pharmaceutical market has always operated in a complex and constantly evolving industry environment, but recent developments have noticeably accelerated...