The Institute of BioMedical Research is a biomedically ambitious business venture whose activities extend from highly diversified scientific research and sophisticated services (research and development, quality control and standardisation of pharmaceuticals, cosmetics and food products) up to major long term biomedical and environmental research projects, as well as the development of new diagnostic technologies and innovative experimental medical treatments. Regulatory certification of new drugs and biomedical products also constitutes important business activities of the Institute. The Institute is essential for the development of Montenegro within the regional and European environment.