Gedeon Richter (Company)

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Gedeon Judge Nyrt.

logo
legal form Nyrt. (public stock company )
ISIN HU0000123096
founding 1901
Seat Budapest , Hungary
management Erik Bogsch, chairman of the board
Number of employees 12,172 (annual average 2017)
sales 444 billion forints = 1.43 billion euros (2017)
Website www.richter.hu
As of December 31, 2017

The Gedeon Judge Nyrt. (full company: Hungarian Richter Gedeon Vegyészeti Gyár Nyilvánosan Működő Rt. 'Gedeon Richter Chemicals Factory ' ; in international business: Gedeon Richter Plc. ) is a global Hungarian pharmaceutical and biotechnology company based in Budapest . The multinational company is one of the largest companies in the sector in Central and Eastern Europe and has offices in over 40 countries.

The company sells products in a wide range of therapeutic areas, including drugs for the gynecology , central nervous system and cardiology departments .

history

Memorial plaque for the founder Gedeon Richter
Corporate headquarters in Budapest
Research building in Budapest

The company was founded in Budapest in 1901 by Gedeon Richter , a Jewish pharmacist. The establishment of his company marked the beginning of the development of the Hungarian pharmaceutical industry. Gedeon Richter AG is a BUX-Index listed company on the Budapest Stock Exchange . It had a market capitalization of about $ 4 billion as of November 2015 and is the third largest company in the BUX. It is also traded on Euronext , a "multi-country exchange" that operates stock exchanges in Amsterdam, Brussels, Lisbon and Paris.

Initially, a small pharmaceutical production took place in the Hungarian Arany Sas ('Golden Eagle') pharmacy , which still exists today. Independent pharmaceutical research and production activities were then introduced in Hungary. However, industrial-scale pharmaceutical production required significant investments and large-scale pharmaceutical capital-intensive manufacturing facilities. Initially, the laboratory that operated on the pharmacy's premises processed extracts from animal organs and produced organotherapeutic agents.

In 1907 a large production facility was built in Kőbánya , a suburb of Budapest. In line with international trends in the pharmaceutical industry, the company produced herbal medicines, processed plant extracts and later synthetic products. The company became a well-known manufacturer of lecithin products, antiseptic and antipyretic products as well as analgesics hydrogen peroxide (Hyperol), acetylsalicylic acid (kalmopyrin) and tonogen, which are still produced today. After the war, the factory was rebuilt under the name of Kőbányai Gyógyszerárugyár { Kőbányai Pharmaceutical Factory } in Kőbánya. With the beginning of the planned economy era in 1948, the company was nationalized. After the Iron Curtain was opened in 1989, the company was privatized again under the name Gedeon Richter Pharmaceutical Factory and has been traded on the stock exchange since 1994. The greatest success at that time was based on the production of vitamin B12 . This preparation made the company an important player in the world market. It was the leading supplier in the Soviet Union in the 1960s.

In 1934 Konstantin Janssen (later: Janssen Pharmaceutica ) acquired the distribution rights for Gedeon Richter products.

In the second half of the 20th century the company expanded its activities. Thanks to its decades of experience in pharmaceutical production, it was able to expand its product range with the herbal product line Richtofit and a cosmetics line under the brand name Fabulon. In 1966, the company's first own oral contraceptive, Infecundin, was launched. Cavinton, the first drug to improve blood circulation in the brain, came on the market in 1977.

In June 2016, Gedeon Richter acquired one hundred percent of the Swiss pharmaceutical company Finox .

Companies

The headquarters are in Budapest and have had a subsidiary in Dorog since 1967 . In October 2010 Gedeon Richter AG acquired 100% of the private Swiss pharmaceutical company Preglem for 445 million CHF (337 million euros). The company has joint ventures with Themis Medicare in Mumbai ( India ) and Helm AG in Germany as well as with companies in China and Latin America. The company has been present in Germany with its subsidiary Gedeon Richter Pharma GmbH , based in Cologne, since 2011 . Their focus is on contraceptives , myoma therapy and hormone replacement therapy . Gedeon Richter Pharma GmbH has been part of the Pro Biosimilars working group since March 1, 2016 . The Hungarian global corporation is cooperating with the German pharmaceutical company Stada and the Japanese pharmaceutical company Mochida Pharmaceutical in the development of biosimilars .

Biotechnology plant in Debrecen

Richter built a biotechnology plant in Debrecen in 2012 .

Web links

Individual evidence

  1. ↑ a b Gedeon Richter Consolidated Financial Statements 2017. (pdf, 2 MB) Gedeon Richter Plc., April 3, 2018, p. 45 , accessed on June 10, 2018 (English).
  2. ↑ Alapadatok. Gedeon Richter Plc., Accessed June 10, 2018 (Hungarian, basic data).
  3. ^ Company information. Gedeon Richter Plc., Accessed on June 10, 2018 (English, basic data).
  4. ^ Actavis and Gedeon Richter Plc. Announce FDA Receipt of NDA Resubmission for Cariprazine. Gedeon Richter Plc., January 6, 2015, accessed March 24, 2017 (English).
  5. ↑ a b A deer in our heart. Janssen Pharmaceutica, May 12, 2014, archived from the original on January 17, 2015 ; accessed on December 30, 2019 (English).
  6. ↑ Richter announces the acquisition of Finox Holding for a consideration of CHF 190 million. Gedeon Richter Plc., June 30, 2016, accessed June 30, 2018 . Stefan Schnyder: Willy Michel is selling his start-up. In: Berner Zeitung . July 1, 2016, accessed June 10, 2018 .
  7. ^ Richter acquires Swiss-based PregLem. In: Budapest Business Journal. Retrieved March 24, 2017 .
  8. ^ Judge Themis. Gedeon Richter Plc., June 30, 2016, accessed March 24, 2017 .
  9. ^ Richter helmet BioLogics and BioTec. Gedeon Richter Plc., June 30, 2016, accessed March 24, 2017 .
  10. ↑ Products. Gedeon Richter Pharma GmbH, December 23, 2019, accessed on March 21, 2017 .

Coordinates: 47 ° 28 ′ 6.9 ″  N , 19 ° 8 ′ 55.2 ″  E