Pfizer links with NovaMedica to produce and market drugs in Russia

US pharma giant Pfizer (NYSE: PFE) and NovaMedica, a company established by Russian high-technology investment fund Rusnano and American venture health care fund Domain Associates in 2012, have entered into an agreement to cooperate, signalling the development of a new partnership, to bring important medicines to the Russian market.

Through this partnership, as a first step, Pfizer proposes to invest in NovaMedica’s construction of a new manufacturing plant in the Vorsino industrial park, Kaluga region of Russia and license the technology for production of more than 30 medicinal products from its portfolio to the Russian partner.

The portfolio of high-tech medicinal products that the parties plan to produce at the new plant includes essential drugs for the treatment of severe bacterial and fungal infections, inflammatory diseases, cancer, as well as for use in anesthesiology (more than 30 International Nonproprietary Names, INNs). Most of these INNs are on the essential drugs list (EDL) and several are also in federal reimbursement programs Population Drug Coverage (ONLS) and in 7 Nosologies (7N).