One of the fundamental pillars of our strategy is innovation. We devoted approximately EUR 50 million to research and development in the 2019/2020 financial year.
Research and development are of significant importance in our strategy; our company considers continuous renewal and innovation one of our core values.
At a regional level, we spend an outstanding amount of about EUR 50 million per year on generic development. This sum accounts for more than 9% of our turnover. The main goal of our generic active ingredient development is to elaborate a novel manufacturing process that is favourable in terms of technology and patenting. The novel method can be another synthesis pathway or the optimization of an already existing one. We focus our product development activities on the development of medicines which provide added value for patients, combined with therapeutic solutions available on the market.