NovaMedica and Pharmsynthez agreed to establish full-cycle manufacturing of several in-demand products in Russia

Moscow-Saint Petersburg, June 17, 2019 – Russian pharmaceutical companies NovaMedica and Pharmsynthez started implementing a joint project to ensure access to a number of effective products, with the full manufacturing cycle localized in Russia, for Russian patients within 1.5-2 years. The products are in the anesthesiology and gastroenterology therapeutic areas, intended for both the hospital and commercial markets.

As part of the cooperation, Pharmsynthez will perform the full set of research and engineering activities to create a synthesis technology for three active pharmaceutical ingredients, and NovaMedica will develop finished dosage forms on their basis at its own R&D center NovaMedica Innotech and ensure the manufacturing.

Information on the companies:

NovaMedica is a modern Russian pharmaceutical company founded in 2012 by RUSNANO JSC and the US venture capital fund Domain Associates LLC. NovaMedica's strategy is aimed at search, registration and localization in Russia of intellectual property rights for innovative pharmaceutical products and technologies, as well as at development and implementation of own R&D projects and creation of a modern GMP manufacturing facility. NovaMedica has a well-developed infrastructure for promotion and sales of pharmaceutical products. In April 2017, the company launched in Moscow its own R&D center NovaMedica Innotech, which has state-of-the-art technological capabilities that were previously unavailable in the Russian pharmaceutical industry. In 2016, NovaMedica became the key partner of Pfizer in Russia. Partners agreed to localize more than 30 EDL products from the Pfizer portfolio in Russia and, to pursue this goal, to construct a modern plant for manufacturing of sterile injectable drug products in the Kaluga region. The ground-breaking ceremony took place on May 30, 2017. In March 2018, NovaMedica, the Russian Ministry of Industry and Trade and the Kaluga region signed the Special Investment Contract (SPIC) regarding creation of this new pharmaceutical manufacturing facility.