Biotechnology company Sanobiotec, registered last year and implementing an oncologic research project in cooperation with Lithuania's National Cancer Institute, is setting up its activity at Vilnius City Innovation Industrial Park and plans to invest up to 8 million euros and create 80 new jobs, the Verslo Zinios business daily writes.
© DELFI / Kiril Čachovskij

The company will set up in an area of 55 acres and plans to build a research and experimental development center and administrative premises.

The construction is set to start in November, and the company plans to start its activities in 2021.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Renovated Palanga Airport will open next year

Next year, Palanga Airport will make travellers welcome in its renovated premises, announced...

Only Bulgaria has higher income inequality than Lithuania

The way income and wealth are distributed across society determines the extent to which individuals...

Medical imaging company raises $1.7M seed round to bring AI into clinical radiology practice

Oxipit , the authors of ChestEye AI-powered radiology software suite is announcing today the close of...

Startup providing product reviews plans further expansion in Lithuania

Bazaarvoice who first established a branch in Vilnius a year ago plans to implement further...

State and municipalities receive EUR 174 mln in unplanned revenue

Lithuania's state and municipal budgets received 5.344 billion euros in revenue in January-June, 3.4...