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 The largest biotech center in Eastern Europe in Vilnius already open

The largest biotech center in Eastern Europe in Vilnius already open

Publish date: 2013-01-09

The Biotechpharma Research and Development Center was built and fully equipped in just 14 months and the investment claimed 56 mln Lt from which 38 mln Euro was obtained from European Structural Founds. It is claimed to be the most modern biotech center in the Eastern Europe and be competitive in comparison with laboratories such as Stanford or Oxford. It is estimated that their investment will start to pay off in 6 years.

Tags: biotechnology , pharma , lithuania

The Research and Development Center already started its activity in field of pharmaceutical outsourcing: the drug development, pre-clinical and clinical trials.

The company caught opportunity proposed by Lithuanian government and took part in the national strategy of development of knowledge-based economy, as the government hopes that Lithuania will become the Nordic and Baltic region high-tech center and the success of Biotechpharma may be a milestone in that direction. The Lithuanian prime minister presents that investition as a part of long term plan aiming in encouraging the companies like Barclays, Wester Union to invest in his country.

The opening of Research and Development Center in Vilnius is not only a good information for investors but also it is a great opportunity for the young Lithuanian researchers as the Center employs now 50 people and plans to increase that number to 70 up to 100 people in 6 month time.

Will the Lithuania be the new biotech hotspot in the Eastern Europe? 

Maria Rutkiewicz

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