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Generic medicines, which are equivalent to brand-name products but do not carry a well-known name, are quite popular in Russia. Last year, the share of generics amounted to 64% of the market in monetary terms. It is likely to increase further due to new requirements that make drug registration process easier.
The overseas generic pharmaceutical industry from the ICH region (US, Japan, EU) and 'pharmerging' countries have good opportunities to gain profits in Russia, despite the strong governmental support of local drug manufacturers.
Biopharmaceutical company Benitec Biopharma is well on its way to generating clinical trial results for its potentially ground-breaking treatment of head and neck squamous cell carcinoma, a form of cancer that affects the outer layer of skin and in the mucous membranes in the human body.
Japanese firms have opened a physical rehabilitation center in Vladivostok in Russia's Far East as part of the plan for economic cooperation between the 2 countries.
R-Pharm, one of Russia’s leading drugmakers, has won the 1 billion roubles (~$16 million) tender for the supplies of its teriflunomide drug for state needs.
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