One of Russia’s largest generic drug production facilities planned

16 January 2024

Vyacheslav Kokeladze, a well-known Russian businessman and pharmaceutical tycoon, is investing about 1.4 billion roubles ($20 million) in the establishment of one of the country’s largest production facilities for generic medicines.

The new business will be known Kronopharm Industries and will build a large-scale pharmaceutical plant in Shchelkovo near Moscow, reports The Pharma Letter’s local correspondent.

These plans have been recently confirmed by Ministry of Property of the Moscow Region. The company plans to build its facilities on a leased area of 6 hectares by 2027.

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