India's Hetero to produce cancer and AIDS drugs in Russia
Indian generic drugmaker Hetero Labs has announced plans to build a plant for the production of drugs against cancer and AIDS in Russia.
It is reported that the new facility will be located in the Tula region, a region in Central Russia, which is located in close proximity to Moscow, according to The Pharma Letter’s local correspondent.
The value of investments in the project may reach $30-$40 million. The exact range of drugs that will be produced by the new plant is not disclosed. It is planned that the majority of its future production will be supplied to the domestic market, where the demand for drugs against cancer and AIDS among local population has increased significantly in recent years.
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