Experimentica, seen as one of Finland's most promising innovative companies, has established a subsidiary in Lithuania, where it plans to conduct tests with rodents and use the results in the development of medicines.
© Shutterstock

Experimentica Lithuania, which is wholly owned by the Finnish company, was registered with the Center of Registers last week. It has an authorized share capital of 600,000 euros.

The Lithuanian company is headed by Giedrius Kalesnykas, founder and CEO at Experimentica.

Symantas Ragauskas, head of the Lithuanian project, told BNS that they plan to start setting up the company's laboratories in Vilnius in September. The company will employ eight to nine Lithuanian scientists.

Founded in 2013, Finland's Experimentica employs 15 scientists. Its shareholders include Finnish, German and Lithuanian scientists, Ragauskas said.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

The future of real estate industry is here already

The Fourth Industrial Revolution (4IR) is already affecting every corner of economy and our lives, and...

China national TV’s attention to Lithuanian business

On November 5–10, Shanghai is hosting the China International Import Expo 2018. Invitations to the...

Lithuania to further promote quality standards in FinTech sector: official

Number of FinTech companies in Lithuania increased threefold in the last year, however the Baltic...

Salary growth in the Baltic States. Estonia leads, Lithuania is not far behind

According to the biggest remuneration survey in the Baltics, conducted by “Baltic Salary Survey”,...

PM sees no grounds for new economic crisis

Lithuanian Prime Minister Saulius Skvernelis says he sees no grounds for a new economic crisis to...