Carved up ownership of Russia’s Biocad planned by Pharmstandard and Millhouse
Russia’s largest pharma company Pharmstandard (PHST: RU) and Millhouse, an investment company owned by Russian billionaire Roman Ambromovich (in some quarters best known as the owner of the UK premier League football club Chelsea), have announced plans to acquire significant stakes (individually) in Biocad Holding, the main shareholder in biotechnological company CJSC Biocad, Russia’s largest biotech firm, which has recently been in the news for getting regulatory approval of some blockbuster biological biosimilars (The Pharma Letters passim).
Biocad specializes in the development, production and promotion of original and generic drugs in the following therapeutic categories: urology, gynecology, dermatovenerology, oncology, hematology, autoimmune and infectious diseases.
Millhouse to own 50% of the company
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