Rostec inks deal with Arab firm for antiviral drugs in Russia

12 June 2017

Russian state corporation Rostec has announced an agreement with an Arabian pharmaceutical producer for the establishment of a joint venture – Pharma Aid Ltd - that will focus on the manufacture drugs for the treatment of HIV and hepatitis.

Under the terms of the agreement, United Arab Emirates-based Ishvan Pharmaceutical will provide technologies to Rostec for the establishment of production, while the majority of funding for the project is expected to be provided by the Russian company.

It is planned that production will be established via the National Immunobiological Company (Natsimbio), a Rostec subsidiary and one of Russia’s largest vaccines producers.

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