Richter drug wins 2017 Innovation Grand Prize in Hungary

Innovation has always played a key role in Richter's strategy with a special focus on the research and development of original drugs. In the course of its 117-year history, Richter has given over 10 proprietary medicines to the Hungarian pharmaceutical industry, making a significant contribution to improving the health of people all over the world. The laudatory address praising cariprazine highlighted the following: The key result of the product innovation honoured by this award is an original drug primarily manufactured in Hungary that was developed by Hungarian scientific researchers and developers, and which has a marketing authorisation for over 70% of the global pharmaceutical market.

The success of cariprazine is of historic importance not only for Richter but also for the entire Hungarian pharmaceutical industry. This is the first drug licensed in the United States that was invented by the researchers of a Hungarian-based pharmaceutical company and pre-clinical research and development were carried out by the same Hungarian company. As the clinical development stage incurred high costs, we involved a partner, so we were able to get to the final stage of obtaining the marketing license by joint funding and management. I believe that this recognition is the outcome of the great teamwork and exceptional knowledge base that have always characterised Richter since its foundation

, said Richter's Chairman Erik Bogsch upon receipt of the award.