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07.02.2018

Besins Healthcare to start series production of hormonal drugs in Russia by 2020

Bangkok, Thailand-based Besins Healthcare has completed the first phase of the construction of its plant in the Novoselki industrial park of the Russian Yaroslavl region, according to the company.

As part of this, the company plans to start a full-cycle production of a new hormonal drug for women's health, named as Utrozhestan.

The drug is included in the list of vital drugs in Russia, while its purchases will be carried out by the Russian government within public procurement contracts, reports The Pharma Letter’s local correspondent.

An investment agreement between the government of the region and Besins Healthcare for the building of the plant was signed in November 2016.

The value of the investment in the project at the initial stage was expected to amount to $30 million with the possibility of this to increase during the next stages of the project.

According to Besins Healthcare Russia spokesman Vladimir Kornikov, the construction of a plant will be completed by the end of the current year, while the beginning of commercial production of drugs at its facilities is scheduled by 2020.


Source:  www.thepharmaletter.com

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