Industry Developments

The first half of 2008 has brought mixed results for pharmaceutical companies operating in Romania. Often considered as a high potential market for investment, it appears that the... 2008-07-31

Czech generics specialist Zentiva has said it expects sales to reach CZK8.9bn for the first half of 2008, a 32% year-on-year (y-o-y) growth. A continuing decline in sales in its key... 2008-07-25

Gedeon Richter has unveiled plans to build a HUF15bn (US$101mn) biotechnology plant in Debrecen, Eastern Hungary. Construction of the new plant - said to be unique in Central and... 2008-07-24

The inability of Croatia's Institute for Health Insurance (HZZO) to keep up with the growing demand for pharmaceuticals is having a damaging effect on pharmacies throughout the country.... 2008-07-18

Strong growth in Lithuania's drug market and consolidation in the supply chain has attracted investment from one of Germany's largest wholesalers, Andreae-Noris Zahn (ANZAG). On July... 2008-07-18

Recently-elected Russian president Dmitry Medvedev has spoken out about the development of healthcare and how he intends future burgeoning expenditures to be funded. Following on... 2008-07-16

A&D Pharma Holdings, the Dutch owner of Romania's pharmaceutical wholesaler Mediplus Exim, has said that the Bucharest Court of Appeal has ruled in favour of a suspension of the... 2008-07-14

The Czech Republic has seen a rapid expansion in the number of online pharmacies over the last two years, which is one of the factors behind BMI's optimism for market growth of over-the-counter... 2008-07-11

Puls Biznesu reported that the merger agreement between Polpharma and Gedeon Richter failed after Polpharma's parent Genefar pulled out of their merger agreement.

UK pharmaceutical firm GlaxoSmithKline (GSK) has decided to move production of anti-depressant drug Seroxat/Paxil (paroxetine) to Romania as part of an ongoing effort to improve operational... 2008-07-10