Mitsui & Co eyes expansion in Russian pharmaceutical market
Japanese drugmaker Mitsui & Co (TYO: 8031) is considering expanding into the Russian pharmaceutical market, through the acquisition of a 10% stake in R-Pharm, one of Russia’s largest pharmaceutical producers.
The value of the deal, which is expected to be finally signed in March 2017, is expected to reach $100 million, reports The Pharma Letter’s local correspondent.
In recent years, Mitsui’s interest in the Russian pharmaceutical market has significantly increased, while the company has repeatedly announced its intention to establish production of its drugs at the facilities of local producers.
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