Industry Developments

The Czech Republic and the Mayo Clinic in Minnesota, the US, have established a clinical research centre that will strengthen European/US R&D efforts. The International Clinical... 2006-03-24

Spending on pharmaceuticals in the Czech Republic grew by more than 13% to a record CZK64.6bn (US$2.7bn) in 2005, according to the State Institute for Drug Control

Three wholesalers and two investment funds are on the shortlist to acquire Euro Apteka - one of Poland's largest pharmacy chains. According to Puls Biznesu, nine companies submitted... 2006-03-23

One of largest pharmacy chains in Lithuania - Gintarine Vaistine - has received authorisation from the state competition council to acquire 100% of another local chain, Saurimeda.... 2006-03-21

The newly appointed Greek health minister has unveiled a plan to reform the country's "shameful and unacceptable" healthcare system over the next two

Polish drug maker Polfa Tarchomin is planing to capture 3% of the PLN500mn (US$156mn) Polish insulin market this year, despite the dominance of the multinationals Novo Nordisk and... 2006-03-16

Sales of pharmaceuticals in Estonia grew by 5% to EEK2bn (US$153.7mn) in 2005, with Q4 revenue contributing almost 30% of the total.

Russia has passed a law that brings OTC advertising broadly in line with EU practices and maintains the ban on US-style DTC

A Finnish chain of 18 pharmacies - Yliopiston Apteekki - has expanded its operations into Russia by opening an outlet in St Petersburg, and it plans to open two more in the

The prices of 42 non-reimbursed pharmaceuticals have been increased in Hungary, further enlarging the country's drugs budget deficit, which is expected to reach HUF80bn (US$361bn)... 2006-03-14