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The new drug will be produced by Infectex,a portfolio company of Maxwell Biotech Venture Fund (MBVF) and one of Russia’s leading biotech companies. Russian registration for the drug has been started, and it is planned that the new substance will go on sale in 2018.
Russia and Nicaragua have completed the establishment of a joint venture for the production of vaccines, according to press-service of the Russian federal government.
Global drugmakers operating in Russia will be obliged to transfer information on the price of their drugs to a single information system operated by the Russian Federal Tax Service, as part of the new state strategy for drugs’ labeling in the Russian pharmaceutical market.
Swiss pharma giant Roche (ROG: SIX) may face significant losses in Russia, due to a recent decision of the government to invest funds in the development of a new drug that could be considered as an analogue to Tamiflu (oseltamivir), one of Russia’s best-selling drugs for the treatment of flu.
International expansion and bringing affordable biosimilars to patients are two of the stated aims of privately-held Russian biotech company Biocad, and the company has taken a step forward on both fronts with news on one of its products.
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