India’s Cadila Pharma to invest $112 million in large-scale production plant in Russia
Indian generics drugmaker Cadila Pharmaceuticals, together with the Russian investment fund the Russian Direct Investment Fund (RDIF), will invest more than 10 billion roubles ($112 million) in the establishment of a pharmaceutical complex and an injectable drug plant in Russia.
An investment agreement was signed during the St Petersburg International Economic Forum, once of the major annual economic events in Russia and Europe, reports The Pharma Letter’s local correspondent.
It is expected that the newly-established pharmaceutical complex will produce gastroenterological drugs, as well as medicines for the treatment of cardiovascular diseases and diabetes.
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