Sanofi-Aventis CR to invest $5.8M in R&D

19 September 2004

Sanofi-Aventis CR, the Czech Republic's second largest drugsmanufacturer, is planning to sink 150 million koruna ($5.8 million) into the R&D of new product candidates this year, reports the CTK news agency's Business News.

The company's chief executive, Ivo Zidek, indicated that the value of investments will increase in the coming years. He pointed out that the development of new medicines is very successful in the Czech Republic, and further noted that the region is home to many highly-qualified experts, writes the Business News.

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