Teva inaugurates large sterile medicine plant in Hungary

The $110 million plant has an annual production capacity of 160-200 million units of injectables - mainly cytotoxics for oncology therapeutics.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) has opened a new plant in Hungary. The $110 million plant in Gödöllő, is one of the largest sterile medicines plants in the world.

The plant has an annual production capacity of 160-200 million units of injectables - mainly cytotoxics, which are used in oncology therapeutics. Its six production lines can produce six different products simultaneously. The 15,000-square meter plant will supply medicines to patients in over 70 countries in Europe, North America, and the Far East.

"Our major investment in our operations in Gödöllő and the additional capacity it creates will benefit patients in Hungary and in many countries in Europe, North America and Asia," said Teva president and CEO Dr. Jeremy Levin. "Our focus is on making medicines to improve the lives of the patients who depend on us, and this investment will help us continue our work to provide important sterile medicines to people around the world."

Teva has been operating in Hungary since 1993, and has been investing hundreds of millions of dollars in production and R&D. The pharmaceutical company currently operates in three plants in the country: a tablet production facility, Teva Debrecen; the sterile plant in Gödöllő; and an advanced pharmaceutical ingredients manufacturing facility in Sajóbábony. The company has more than 3,500 employees in Hungary.

Published by Globes [online], Israel business news - www.globes-online.com - on October 14, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Your name
Please insert your name
Content
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

Thanks
You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
MORE FROM GLOBES
Twitter Facebook Linkedin RSS Newsletters גלובס