14 March 2013
Cadila Pharmaceuticals, one of the largest privately held pharmaceutical companies in India, is considering building a pharmaceutical manufacturing plant in Russia’s Astrakhan region, according to regional authorities.
The company is currently looking for a site, where the new plant is expected to be located and, in addition to Astrakhan, may consider the possibility of building a plant in the Yaroslavl region, due to its close proximity to Moscow, Russia’s largest pharmaceutical market in terms of sales.
Could involve up to $150 million investment
Financial details of the project, as well as the capacity of the new plant have not yet been disclosed. However, according to some sources close to the Astrakhan region, the volume of investments may reach $150 million. The new plant is expected to produce the majority of the company’s drugs and in particular its flagship anti-tuberculosis range.
The establishment of a production facility in Russia is part of Cadila’s program of foreign expansion during the next, which involves the increase of sales and establishment of production facilities in the emerging markets of Russia, China and African countrie.
Print14 March 2024
26 February 2024
NovaMedica team wishes you a Merry Christmas and a Happy New Year!
26 December 2023
Putin has stated that Russia will support Africa in the struggle against epidemics
19 April 2024
The Russian government has expanded the list of vital and essential drugs
19 April 2024
Achieving FAIR bacterial identification
18 April 2024
Unique testing regimen could prevent nuclease contamination
18 April 2024