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Immunogenes receives $1 million from Hungary's government

This article was originally published in Scrip

Executive Summary

Immunogenes, a Budapest-based biopharmaceutical company, has received Ft171 million ($1.1 million) funding under the national technology programme. It won one of the tenders announced last October to boost R&D projects in areas including biotechnology, human and veterinary medicine, environmental science and nanotechnology. The total budget for projects in the field was Ft14 billion. Immunogenes was established to use a proprietary technology that allows genetic alterations in animals, leading to a substantial increase in antibody production and a shorter process time, of up to 30%. Other benefits of the technology include requiring fewer immunisations, using smaller quantities of antigens, and an up to 40% saving in costs, the company says.

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