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Richter sees strategic alliance as possibility

Hungarian drug maker Richter could achieve a bigger economy of scale through a strategic alliance, CEO Erik Bogsch said in an interview with business weekly Figyelő. Bogsch said economy of scale is “already a problem today, but could be remedied with a strategic alliance.”

Asked whether Richter was out to make acquisitions, Bogsch said the company has no target currently but is “concentrating on strengthening the product portfolio.” He added that Richter was financing ongoing projects, the acquisition of licenses and the possible takeover of products from cash-flow. It is important to keep the group's R&D operations in Hungary, he said, adding that this requires a favorable regulatory environment. Richter's stock of cash was HUF 72.4 billion on June 30, 45% more than twelve months earlier. (MTI-Econews)