Russia's Pharmasyntez eyes launch of large-scale production of dialysis drugs
Pharmasyntez (MISK: LINE), one of Russia’s leading drugmakers, is preparing a new project in the domestic market, which involves commercial production of dialysis drugs, reports The Pharma Letter’s local correspondent.
The project is expected to be implemented in partnership with the local operations of the American firm Baxter, the main player in this market in Russia. Financial details are not disclosed.
According to local analysts, the value of investments will reach 2–3 billion roubles (~$20-$30 million). Pharmasyntez has well-developed production facilities, so launching a new project should not be associated with huge costs for the company.
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