MNCs AbbVie and Novartis plan expansion in Russian market

17 June 2019

US drug major AbbVie (NYSE: ABBV) and Swiss pharma giant Novartis (NOVN: VX) are the latest to announce production and launch plans in Russia, reports The Pharma Letter’s local correspondent.

Novartis will launch the production of six innovative anti-cancer drugs in Russia at the facilities of the Skopinsky Pharmaceutical Plant, a pharmaceutical plant which is located in the Ryazan region (Central Russia).

The agreement was signed between the two parties during the recently held St Petersburg International Economic Forum, Russia’s most important annual business event.

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