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Pharmstandard says signs deal to distribute Grindeks's Mildronate in Russia
OJSC Pharmstandard said it has signed a long-term collaboration agreement with JSC Grindeks in Latvia to exclusively distribute and promote Grindeks's' Mildronate in Russia from February 2008.
The agreement anticipates the possibility of the drug's production at Pharmstandard facilities, the Russian pharmaceutical company said.
Chief executive Igor Krylov said the deal enlarges Pharmstandard's cardio portfolio, and significantly increases revenue and contributes to the company's financial results.