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08.08.2016

Russian government to create conditions to increase drug exports

The Russian government is considering providing support to the domestic pharmaceutical producers planning to export their drugs, according to recent statements by Russia’s Prime-Minister Dmitry Medvedev, reports The Pharma Letter’s local correspondent.

It is planned that the majority of subsidies will be provided for the conduct of clinical trials of their drugs abroad.

The Russian government hopes to begin the provision of subsidies no later than on September, 1 of the current year. There is a possibility that financial support should be also provided to global drugmakers operating plants in Russia.

According to George Pobelyansky, general director of Vertex, one of Russia’s largest drugmakers (not connected with the US Vertex group), pharmaceutical manufacturers need to pay 100% registration of their drugs in abroad. This usually prevents producers from a significant increase exports of their drugs, as these costs are usually too high for them.

One of the possible options may involve the provision of subsidies to those producers which already have an experience of the exports of their drugs to abroad.

The Russian government plans that the increase of the exports of domestic drugs will improve the image of the Russian pharmaceutical industry in Western countries.


Source:  www.thepharmaletter.com

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