Biocad targets entry to Europe with Finnish project
Leading Russian biotech firm Biocad is to expand its operations into Finland as the company sets its sights on European markets.
Biocad is to spend more than 25 million euros ($28 million) over seven years on collaborations with Finnish research and educational organizations, as well as on commercial manufacturing, in an agreement signed this week (as pictured above, with Biocad CEO Dmitry Morozov the second-from-right).
The first of its European facilities and collaborative scientific projects will be located in Turku, which is in the south west of the country and is home to one of Europe’s major biopharmaceutical clusters.
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