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Richter On Formycon Investment: ‘Indispensable’ To Partner On Everything We Do

As Hungarian Firm Offers ‘Commitment’ For Biotechnology Business To Break Even

 
• By Dean Rudge

Fledgling biosimilars player Gedeon Richter has spoken candidly and openly with investors on its recent biosimilar investments, its goal to start generate cash from its young Biotech business, and its need to manage costs in order to make that happen.

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• Source: Shutterstock

“Given the size of our company and given the complexity and fast-paced nature of the biotechnology scene, it’s very important, almost indispensable, that we partner in everything we do in biotechnology,” Gedeon Richter says, in the firm’s first detailed comments since agreeing to take a 9.08% stake in German biosimilars developer Formycon.

Meanwhile, Richter has underlined that following its recent investments in biosimilars, “we are committed to Biotechnology breaking even in 2027

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