Generium, one of Russia’s leading drugmakers and owned by a local billionaire Victor Kharitonin, has officially announced the establishment of a joint venture with Ireland-headquartered Shire (LSE: SHP), reports The Pharma Letter’s local correspondent.
It is reported that the newly-established joint venture will be known as SG Biotech and will focus on the deliveries of drugs for the treatment of hemophilia to the Russian market.
Shire has not ruled out the possibility of the transfer of the production of its drugs to the facilities of Generium, which is currently operated at a plant in the Vladimir region.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze