Geropharm to invest $40 million in new plant for insulin substance in Russia
Geropharm, one of Russia’s largest drugmakers, plans to build a new plant for the production insulin substance in Russia during the next several years, according to recent statements by Petr Rodionov, head of the company.
Total capacity of the new plant will be 650kg of the substance per year, while the volume of investments in the project is expected to reach 2 billion roubles (~$30 million).
It is planned that future production will allow the company to fully cover Russia’s needs in insulin substance and to start exports abroad. The new facility should be officially commissioned at the end of 2016.
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