Hungary’s Gedeon Richter has got a €150 million credit line from the European Investment Bank (EIB). The loan contract has a nine-year term, consisting of an initial three- year grace period followed by a six-year repayment period. The loan will help the drug-maker fund research and development operations from the year 2011 to 2014. The total loan amount will be utilized in several tranches within 18 months from the signing of the agreement.

Click here for the release from Gedeon Richter.