Russian pharmaceutical companies eyeing expanding in the UAE

Russian pharmaceutical companies are eyeing expanding in the United Arab Emirates (UAE) by launching production of their drugs and establishing their manufacturing facilities in the local market, according to recent statements, by Russia’s Ministry of Industry and Trade Denis Manturov, The Pharma Letter’s local correspondent reports.

According to him, as part of the plans is producing of bioengineered drugs. In addition, particular attention will be given to the area of nosology and monoclonal antibodies as well as some other areas where Russia has the necessary competencies.

Currently the Russian government, together with some of the country’s leading drugmakers, is finishing forming the list of Russian pharmaceutical companies, which may establish their production facilities within the territory of the UAE. That list will be also a subject to approval of the UAE’s Ministry of Economy.