Pfizer eyes building another plant in Russia

US pharma giant Pfizer (NYSE: PFE) is considering building another manufacturing plant in Russia during the next several years, which is expected to be located in the Tatarstan Republic, one of Russia’s richest and economically developed regions, reports The Pharma Letter’s local correspondent.

Outlines of the possible project have been discussed during the meeting between John Young, president of Pfizer Essential Health, and Rustam Minnikhanov, President of Tatarstan, which took place during the recent St Petersburg Economical Forum, one of the most important business events in Europe, which is held annually in St Petersburg during June.

Details of the planned project are currently not disclosed.