Industry Developments

Contributing to reducing the country's budget deficit ahead of euro adoption in 2011, Hungary has announced drastic changes to its healthcare system, including fees to see doctors,... 2006-09-04

Russia's law that brings OTC advertising broadly in line with EU practices and maintains the ban on US-style DTC promotions became enforceable at the beginning of July 2006. The legislation... 2006-07-25

Outperforming its competitors, Slovenia firm Lek - part of the generics division of Swiss company Sandoz - has released financial results for the first half of 2006 in which sales... 2006-07-25

Polish distributor Torfarm has purchased a 40% share in compatriot operation Galenica-Silfarm for PLN20mn (EUR4.9mn), much to the annoyance of its rivals Polska Grupa Farmaceutyczna... 2006-07-25

Belgium firm UCB Pharma has revealed plans to again make a sustained effort to sell its products in the booming Russia pharmaceutical market. Currently, the company distributes a... 2006-07-25

Danish pharmaceutical company Nycomed has purchased Romanian firm Ruby De Tacos for an undisclosed fee to further penetrate the central and southern Europe markets. Ruby De Tacos'... 2006-07-25

Because of unfavourable currency exchange rates, almost half of 2,500 products on Poland's reimbursement list had their prices reduced by 8% at the beginning of July 2006. The development... 2006-07-25

German generic firm Stada - which is currently in the process of buying Serbia's Hemofarm - has stated that it is interested in further acquisitions in the region, ideally in the... 2006-07-21

The UK drugs regulator - the Medicines and Healthcare products Regulatory Agency (MHRA) - and its French counterpart, Afssaps, are to provide training and assistance to the Czech's... 2006-07-21

Affirming its commitment to Poland, German firm Boehringer Ingelheim has renewed its lease covering its premises at the Mokotów Business Park, Warsaw. The company's operations in... 2006-07-21