KCI Creates Global Service Center in Budapest

Kinetic Concepts Inc. (KCI), a US-based medical technology firm has chosen Budapest to host the company’s global service center, a hub of global transactions.

US Chemical Company Albemarle Opens a Center of Excellence SSC in Budapest

US chemical company Albemarle Corporation, a global leader in delivering innovative specialty chemicals, clean energy solutions and outstanding sustainability practices, opened a USD1 million service center in Budapest on Wednesday.

International Survey says Hungary is a Regional First in Biotech

San Francisco-based Burrill & Company’s, comprising biotech analysts and investment consultants, has published its latest annual report.

Green Power Plant Inaugurated by Hungarian-Japanese Investors

Hungarian and Japanese investors inaugurated a HUF 14 billion, 20MW biomass-fueled power plant in Szakoly (NE Hungary) on Thursday.

Government Action Plan Aims to Make Better Use of Resources for Drug Industry

A government action plan supporting R+D and medical biotechnology in Hungary's drug industry aims to increase competitiveness.

Drugmaker Egis to Launch New R&D Hub in Budapest

Hungarian pharmaceutical Egis is about to set up a new research and development center in Budapest

AMRI Opens Research Centre in Hungary

US pharmaceutical company AMRI opened its research center in Budapest on June 24, the company announced.
The center reportedly cost several million USD.

Kv Pharmaceutical Company Entered Into an Agreement with Gedeon Richter

KV Pharmaceutical Company on 19 June announced that it entered into an agreement with Gedeon Richter, Plc. of Budapest, Hungary, and jointly with Gedeon Richter USA for licensing rights to some of KV’s technologies and products in Women’s Health.

Richter Increased Its Profit in Q1

Gedeon Richter Plc Sales amounted to HUF 61,338 million (EUR 206.7 million) in the three months to March 2009, a 7.6  pct increase (in Euro terms 6.0  pct decline) when compared with the same period of 2008.

OMV Sold its Stake in Mol to Russian Oil Company

Austrian oil and gas company OMV has sold its 21.2 pct stake in Hungarian peer Mol to Russian oil company Surgutneftegas for EUR 1.4 billion, OMV announced on March 30.

News Monitoring