AstraZeneca opens Russian manufacturing facility
Anglo-Swedish drug major AstraZeneca (LSE: AZN) has opened a new state-of-the-art manufacturing and packaging facility in Kaluga, Russia.
The plant has been under construction since 2011, and the company has invested $224 million in the development, the largest foreign investment in the construction of a new pharma facility in Russia.
Pascal Soriot, chief executive of AstraZeneca, said: “Our new dedicated production facility will support our efforts to bring innovative medicines from our exciting pipeline to patients in Russia. This opening builds on our investments in clinical research and scientific collaborations in this important country and serves to reinforce our long term commitment to Russia.”
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