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ROVI Secures €36.3 Million for Innovative Drug Development Project

Story Highlights
  • ROVI receives €36.3 million for its LAISOLID project under the IPCEI Med4Cure initiative.
  • The funding supports aseptic filling technologies and long-acting injectable formulations development.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Laboratorios Farmaceuticos Rovi ( (ES:ROVI) ) has shared an announcement.

Laboratorios Farmacéuticos ROVI, S.A. has been granted a subsidy of 36.3 million euros from the Center for Technological Development and Innovation (CDTI) for its R&D project, LAISOLID, under the IPCEI Med4Cure initiative. This funding will support the development of new aseptic filling technologies and methodologies to accelerate drug development, with potential applications in tissue regeneration and long-acting injectable formulations, enhancing ROVI’s position in cutting-edge health solutions.

More about Laboratorios Farmaceuticos Rovi

Laboratorios Farmacéuticos ROVI, S.A. operates in the pharmaceutical industry, focusing on the development and manufacturing of prolonged-release drugs and aseptic filling technologies. The company is involved in innovative research and development projects, particularly in the field of regenerative medicine and long-acting injectable formulations.

Average Trading Volume: 131,908

Technical Sentiment Signal: Sell

Current Market Cap: €2.63B

Find detailed analytics on ROVI stock on TipRanks’ Stock Analysis page.

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