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Richter opens Ft 500 mln biotechnology lab

Hungarian drugmaker Richter Gedeon unveiled a new Ft 500 mln biotechnology laboratory in Budapest on Friday. The laboratory, which will produce recombinant protein, was part of Ft 4.5 bln Richter has spent on biotechnology investments over the last five years, CEO Erik Bogsch said. The ceremony was attended by Minister of Economic Affairs and Transport János Kóka, who said knowledge and innovation constitute the real driving force for Hungary. Hungary wants to compete with knowledge, not with cheap labour, he added.