Newly-merged Binnopharm Group to hold largest portfolio in Russia
Moscow’s Sistema, an investment company, has launched a new pharmaceutical holding company, Binnopharm Group, together with the Russian Direct Investment Fund (RDIF).
The new group will include large Russian pharmaceutical firm Sintez and Alium, Sistema’s high-tech pharmaceuticals holding with a major manufacturing presence in Moscow and the Moscow region.
Alium was created through the merger of Binnopharm, a pharmaceuticals company established by Sistema in 2006, and OBL Pharm, a leading Russian pharmaceutical firm.
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