Drive to stimulate Russian pharma industry continues apace
In Russia, the vast majority of pharmaceutical sales are attributed to imported drugs, something that President Vladimir Putin’s “Pharma 2020” project - an initiative to stimulate local pharmaceutical development and manufacturing - aims to change.
Launched in 2009, the Russian government’s plan earmarked nearly $5 billion in funding to bring existing manufacturing sites to Good Manufacturing Practice (GMP) standards.
The project continues to stimulate demand for international pharmaceutical ingredients, manufacturing and packaging equipment.
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