Vienna International Health and Pharmaceutical Industry News

Tyrolean Biotech Company Cyprumed Closes 493 Million Dollar Deal with American MSD

The Innsbruck-based biotechnology company Cyprumed GmbH is making international headlines with a multi-million dollar license deal: Together with the U.S. pharmaceutical group MSD (Merck & Co., Inc.), the company has signed an agreement worth up to 493 million US dollars. The aim is to develop innovative tablet formulations for peptide drugs - a potential game changer in modern drug therapies.

April 15, 2025

India and the IAEA Intensify Cooperation: Focus on Nuclear Energy for Development and Health

During a high-level visit to India, Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA), is strengthening cooperation with New Delhi in the areas of nuclear energy, training and the fight against cancer. A new hub for cancer treatment, a course in nuclear technology, and a clear geopolitical signal are the focus.

April 1, 2025

Economic Forum in Vienna: Poland and Austria in Dialogue on Security and Economy

As part of the Polish EU Council Presidency, the high-caliber forum “Ensuring Security and Freedom of Business - Polish and Austrian Perspectives” took place at the headquarters of the Austrian Federal Economic Chamber (WKÖ). The event, which was organized by the Polish Embassy in Vienna in cooperation with the WKÖ, brought together over 130 representatives from public institutions, business organizations, and various industries from both countries. The event aimed to discuss current challenges and opportunities in the areas of energy security, digital transformation, and economic policy at the EU level.

March 19, 2025

Labor Market in Austria 2024: Number of Vacancies Significantly Decreased

The Austrian labor market is facing an apparent contradiction: while companies are complaining about an acute shortage of skilled workers, vacancies fell significantly in 2024. Rising unemployment figures meet unfilled positions, and many industries are struggling with economic uncertainties. What is behind this development?

February 6, 2025

Austria’s Fight Against Cancer: Progress and Challenges on World Cancer Day

Cancer remains one of the most significant health challenges worldwide, affecting millions of people every year. In Austria alone, approximately 42,000 new cases are diagnosed annually, with around 20,000 deaths attributed to the disease. However, thanks to advancements in research, early detection, and innovative treatments, survival rates are steadily improving.

February 4, 2025

European Health Forum Gastein 2024: Health Policy in the Context of Democracy, Demography and Digitalization

The 27th European Health Forum Gastein (EHFG) is one of the most important health policy conferences in Europe. For four days, more than 1200 participants from science, civil society, industry and the public sector will meet to discuss current challenges in the field of health policy. The conference is dedicated to the complex interplay of the “3D” trends: democracy, demography and digitalization.

September 24, 2024

Japan's Rohto Pharmaceutical Invests in Austrian Sigmapharm

In a move to enhance pharmaceutical production in Europe, Japan’s Rohto Pharmaceutical has entered into a strategic partnership with the Austrian Sigmapharm Group. The collaboration aims to expand the production and distribution of ophthalmic drugs and medical products across Europe, with Rohto Pharmaceutical investing nearly €30 million in research, development, production, and sales.

September 18, 2024

IAEA Holds 68th General Assembly in Vienna

The 68th General Assembly of the International Atomic Energy Agency (IAEA) in Vienna has begun, providing an important platform for exchanges between member states on nuclear safety, non-proliferation, and sustainable development. In addition to discussing global issues of nuclear safety and climate change, numerous heads of state and government are taking the opportunity to hold bilateral talks.

September 17, 2024

Alpbach: Between Tradition and the Future - the European Forum Alpbach 2024

The European Forum Alpbach (EFA) celebrated its 80th anniversary in 2024. It once again attracted over 4,000 participants to the small Tyrolean mountain village, which became the center of European discourse for two weeks. Under the general theme of “Moment of Truth”, this year's forum focused on the groundbreaking decisions that Europe must make in the face of multiple crises, from climate catastrophes to political tensions.

August 18, 2024

Austria Investing in the Future: Strengthening STEM Education and Massive Research Funding

Austria is setting standards in the education and research landscape to meet the challenges of the future. With two far-reaching initiatives, the government aims to combat the shortage of skilled workers in the STEM fields (mathematics, IT, natural sciences, and technology) as well as massively promote research and innovation in the country. These measures are intended not only to solve short-term problems but also to secure and strengthen Austria as a business location in the long term.

August 13, 2024

Austria Businesses Heading for a Record Year of Bankruptcies in 2024

Austria is facing a possible record year for corporate insolvencies in 2024. The current economic situation shows a significant increase in insolvencies, especially in the first half of the year.

July 15, 2024

Swiss Novartis Opens Fastest Cell Culture Facility in Tyrol

Novartis opened a state-of-the-art cell culture facility for the production of monoclonal antibodies in Schaftenau, Tyrol.

June 24, 2024

30 Years of the WKÖ Export Prize: Austrian Companies Honored for Top Performance

Austria's export industry has achieved impressive successes over the last 30 years. EU accession in 1994 played a key role in this, paving the way for a more than five-fold increase in goods exports. Despite challenging framework conditions, the 63,700 domestic export companies achieved a record value of 200 billion euros in goods exports and 83 billion euros in services exports last year.

June 18, 2024

Medical Research Cooperation between Austria and France

An important framework agreement between Austria and France was signed at the French embassy, laying the foundations for closer scientific cooperation. The French Institut National de la Santé et de la Recherche Médicale (INSERM) and the Austrian Wolfgang Pauli Institute (WPI) will intensify the transnational research and knowledge exchange.

May 7, 2024

Austrian Politician and Doctor Pamela Rendi-Wagner in the Race for the Head of the ECDC

The former leader of the Austrian Social Democratic Party (SPÖ) and qualified doctor Pamela Rendi-Wagner is facing a potential new challenge in her career. She is on the shortlist for the position of head of the European Center for Disease Prevention and Control (ECDC), an important EU authority based in Stockholm.

February 15, 2024

Africa Day 2024: Austria Looks to Africa's Future Markets

This year's Africa Day was all about Africa's future markets and offered a platform to strengthen economic relations between Austrian and African companies. Organized by the Austrian Federal Economic Chamber (WKÖ), the event attracted more than 1,200 participants from Austria, over 30 African countries, and guests from Europe, Asia, and the USA.

February 5, 2024

Vienna Pioneer for Circular Economy: Climate Lab as a Spark for Climate Transformation

In the heart of Vienna, more precisely at the Climate Lab in Vienna Spittelau, an innovative movement has emerged that has the potential to fundamentally change the way Austria's economy deals with its resources. Climate Protection Minister Leonore Gewessler and the top representatives of Austria's largest companies came together to drive forward a sustainable transformation of Austria as a business location, with the Climate Lab playing a key role.

November 5, 2023

Japanese Takeda Lays Foundation Stone for "Laboratory of the Future" in Vienna's Urban Lakeside Aspern

In a symbolic act, the foundation stone was laid for Takeda's "Laboratory of the Future" in Vienna's Seestadt Aspern. With an investment of around 120 million euros, the Japanese pharmaceutical giant represents the company's largest investment to date in Austria in a technically and ecologically optimized new building for biopharmaceutical research and development.

September 22, 2023

Skills Shortage in Austria: Companies Feel Pressure, But Also Opportunities

A recent study by the recruiting platform Stepstone shows that the shortage of skilled workers is leaving a clear mark on Austria's companies. Two-thirds of respondents are concerned about the additional workload caused by unfilled positions. This is despite a slight increase in advertised vacancies of 2 percent in the first half of the year, with some sectors such as engineering, care, and construction even seeing significant increases.

September 13, 2023

Wealth of the Richest Austrians Grows Despite Global Trends

In its latest issue, the business magazine "trend" publishes its annual ranking of the "100 richest Austrians". In contrast to some global studies, which show a slight decline in the ownership of the super-rich, Austria shows a different development. The assets of the 100 wealthiest individuals and families increased by five percent to a total of around 210 billion euros.

July 11, 2023

42.5 Million Euros for the Establishment of Excellent Technical Competence Centers

Call for proposals for COMET Centres is now open. This Promotes research at a high international level by science and industry.

May 30, 2023

International Narcotics Control Board Emphasizes Drug Control and Global Cooperation

The International Narcotics Control Board (INCB) highlighted the significance of the licit trade in narcotic drugs, psychotropic substances, and precursor chemicals in achieving health and welfare objectives in a session in Vienna.

May 30, 2023

Austria's Cooperation with EU Drugs Agency Exemplary

The European Monitoring Center for Drugs and Drug Addiction (EMCDDA) is the leading European institution in the field of drugs. EMCDDA Executive Director Alexis Goosdeel is meeting with the Austrian ministries responsible for drug policy issues, in particular with Health Minister Johannes Rauch and Justice Minister Alma Zadić, as part of a three-day working visit to exchange views.

March 20, 2023

Mask Mandate Ends in Viennese Public Transport

What was announced at the beginning of this month now is a reality. Starting in March, Vienna will end its mask mandates. The city has been particularly strict with Covid covid regulations as it is the last state to end the mandates in public transport.

February 28, 2023

Essl Foundation and UN in Vienna Mark 10 Years of Partnership

In 2013, the UN Office at Vienna (UNOV), the UN Office on Drugs and Crime (UNODC), and the Essl Foundation formed a partnership to achieve the UN's commitment to building a better world for people with disabilities. A partnership of 10 years between the United Nations in Vienna and the Essl Foundation has resulted in significant achievements for disability inclusion.

February 21, 2023

Minister Schallenberg Promoted Dialogue at Munich Security Conference

Austrian Foreign Minister Alexander Schallenberg attended the 59th Munich Security Conference. He met with several counterparts and he emphasized the importance of communication in these difficult times.

February 19, 2023

Austria’s Plan for Gradually Dropping COVID Mitigations

June 30 is going to be the date when all COVID-19 Measures Will Drop in Austria. Health Minister Johannes Rauch and Constitution Minister Karoline Edtstadler confirmed this in a press conference.

February 4, 2023

President Van der Bellen Reassured Support for Ukraine

Austrian Federal President Alexander Van der Bellen met with his counterpart Volodymyr Zelenskyy to reassure Austria’s support for Ukraine. He also visited several humanitarian organizations doing their best they can to help and rebuild Ukraine.

February 2, 2023

International Vaccine Institute Opens an Austrian Office

International Vaccine Institute (IVI), an international health organization dedicated to developing, delivering, and evaluating vaccines for global health, announced the opening of its Austrian Country Office.

January 26, 2023

Vienna Sends More Humanitarian Aid to Ukraine

The City of Vienna is continuing to assist Ukrainians during these tough times. This week, three trucks of relief supplies were loaded and sent to Ukraine, which contained hospital beds, medical devices, etc.

January 22, 2023

Austria Wants to Drop all Covid-19 Mitigations

Austrian Minister of Health Johannes Rauch has said that he wants to end all Covid-19 regulations in Austria until springtime this year. This would mean the legitimate end of the Coronavirus-pandemic in the country.

January 15, 2023

Branch Office of International Vaccine Institute Will Open in Vienna

The International Vaccine Institute (IVI) will have its own branch office in Vienna. This opening intends to strengthen the production of vaccines and make the development more efficient. The importance of fast development and production of vaccines was displayed more than ever through the Coronavirus pandemic.

January 10, 2023

First International Cross-Over Transplantation for Kidney Disease at Vienna University Hospital AKH

In the University Hospital Vienna AKH, for the first time made possible by diplomacy, a kidney was implanted in a 31-year-old Viennese, which was flown in from Israel by a living donor. A few hours earlier, a kidney was removed from his brother at Vienna General Hospital and transferred to Israel on the same plane.

January 9, 2023

Aging Population Might Cause Debt Problems in the Future for Austria

The Austrian Ministry of Finance published a budget prognosis for the upcoming 30 to 40 years. The financial future looks bleak in Austria. More specifically, the level of debt will be rising in the next years due to an aging population.

January 5, 2023

Austria Promotes Energy Research with 17 Million Euros

The Climate and Energy Fund promotes innovations for clean, affordable and reliable energy supply. The aim is to strengthen Austria as a location for innovation and to improve export opportunities for the domestic economy. A total of 17 million euros is available for the program, endowed from the funds of the Ministry of Climate Protection (BMK).

December 29, 2022

Austria Increases Fund for International Food Aid

The Austrian Ministry of Agriculture will increase funding for international food aid significantly. The Austrian Minister of Agriculture Norbert Totschnig traveled to Libanon to observe the situation.

December 23, 2022

What are the Seibersdorf Laboratories?

Nuclear technologies and applications should be safely researched under international supervision. In Seibersdorf, Austria, the International Atomic Energy Agency maintains eight nuclear applications laboratories. Read on to find out more about the Seibersdorf Laboratories!

November 17, 2022

Austria Awards State Prize for Innovation

The State Prize Innovation 2022 from the Austrian Ministry of Labor and Economy goes to the Lower Austrian company DSM Austria GmbH. With their innovation, they make an important contribution to the safe and healthy nutrition of animals and humans.

November 16, 2022

What is the Alps-Adriatic Economic Network?

Since 2007, the Network of Chambers of Commerce, Industry, Crafts, Agriculture and Economy of the New Alpe Adria (NAAN) has been working to deepen economic relations. It now comprises - with the new addition of Bolzano - ten chambers from Austria, Italy, Slovenia and Croatia. According to the Austrian Chamber of Commerce, with one million member businesses, NAAN is making rapid progress toward becoming an EU Alps-Adriatic macroregion. Read more to find out about the project.

November 7, 2022

Austrian Minister at World Summit on Counter-Terrorism in Israel

Due to her participation in the World Counter-Terrorism Summit in Herzliya, the Austrian Minister for Europe and Constitution, Karoline Edtstadler, travelled to Israel at the weekend. As part of her speech, she presented Israeli descendants of those persecuted under National Socialism with Austrian citizenship.

September 12, 2022

Austria Wants Covid Vaccine Contracts Renegotiated

Austria's Health Minister Johannes Rauch wants to renegotiate existing CoV vaccine contracts. Rauch said he wants to negotiate more flexibility with vaccine manufacturers at the informal meeting of EU health ministers in Prague.

September 6, 2022

ICARST 2022: Applying Radiation Science and Technology in Everyday Life

The International Conference on Radiation Science and Technology (ICARST) organized by the IAEA will be held this week in Vienna. Determining the presence of microplastics in environmental samples, removing pesticides from agricultural soil and studying how to grow tomatoes in outer space are all possible thanks to radiation techniques and will be discussed.

August 22, 2022

Virtual Economic Forum between Tunisia and Austria

A Virtual Economic Forum titled "Tunisia & Austria - Promoting Business & Investment Cooperation", was held online by the Tunisian Embassy in Vienna and the Austro-Arab Chamber of Commerce (AACC) in collaboration with the Tunisian Foreign Investment Promotion Agency (FIPA Tunisia).

August 7, 2022

Earth Overshoot Day: World has Already Used Up Resources

The Earth's natural resources for this year will have been depleted by tomorrow. By tomorrow, ecosystems would need about a year to replenish their resources. According to the Global Footprint Network, which is based in the United States and Switzerland, Earth Overshoot Day is slightly earlier this year than last.

July 27, 2022

European Forum Alpbach Will be Opened by Moldovan President Maia Sandu

The Moldovan President, Maia Sandu, will attend the opening of this year's European Forum Alpbach (EFA) together with Federal President Alexander Van der Bellen on August 22. At the start of the event, they will jointly address the EFA's annual theme, The New Europe, and discuss what consequences, in light of Russia's Invasion of Ukraine, Europe must draw from its current weakness and its inaction in the past.

July 27, 2022

End of Mandatory Quarantine in Austria

The coronavirus quarantine ends in August. This was confirmed by Health Minister Johannes Rauch. Accordingly, anyone who does not feel ill can leave the house even after a positive CoV test but is subject to traffic restrictions.

July 26, 2022

Austria has the Highest Share of Female Startups in the EU

The Federal Ministry of Labor and Economy (BMAW) had surveyed the financing situation of female startups for Austria and Europe and discussed it at a startup breakfast together with representatives of the startup community at the BMAW. At 36 percent, Austria currently has the highest proportion of female startups in the EU.

July 20, 2022

"Award for Innovation in Africa" Awarded for the First Time in Austria

The "Kofi Annan Award for Innovation in Africa" was awarded for the first time this week to African start-ups, all of which were dedicated to the topic of digital health. The three winners come from Kenya, Nigeria and Zimbabwe and can look forward to prize money of 250,000 euros each. Read on to find out what goals the respective projects have set themselves.

July 12, 2022

No More Compulsory Vaccination and New Regulations in Vienna: What You Need to Know

Austria's National Council announced at the end of this week that compulsory vaccination would be abolished. Contrary to this announcement, Vienna is tightening its mandatory masking in the health sector. In recent weeks, the number of cases has been increasing, which is why this step was necessary.

July 8, 2022

Austria Supports Health Projects in Partner Countries in the Fight Against COVID-19

To support partner countries in the fight against the COVID-19 pandemic, the Austrian government made a total of 4 million euros available from the Foreign Disaster Fund at the end of June. The funds are to help Austrian NGOs abroad to implement targeted projects and vaccination campaigns.

July 4, 2022