Fresenius Kabi dumps planned Russian joint venture

9 November 2014

Fresenius Kabi and its partners Sistema JSFC and Zenitco Finance Management have mutually agreed to terminate the joint venture agreement announced earlier this year (The Pharma Letter April 28).

The intention was to combine Fresenius Kabi's Russian and CIS (Commonwealth of Independent States) business with the partners' subsidiary CJSC Binnopharm. The company is part of German diversified health care group Fresenius (FRE: XETRA.

The JV was intended to manufacture and distribute pharmaceutical products, in particular hepatitis B vaccines and a range of biotech medications, as well as infusion and blood substitution solutions, parenteral and enteral nutrition and generic oncological treatments in the Russian Federation and the CIS.

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