Pharmaceuticals

Though the European and U.S. firms dominate the market, they face increasing competition from local, often foreign-owned, generic drug manufacturers. While two major Czech pharmaceutical firms (Zentiva, IVAX) have been sold to foreign partners, several medium and small sized Czech pharmaceutical firms have small shares of the Czech pharmaceutical market. Pharmaceutical manufacturers in the CR are mainly generic drugs manufacturers with limited research and development departments. Czech firms focus mainly on Central and Eastern European markets.