Russia's Geropharm to invest $60 million in insulin production in Russia
Geropharm, one of Russia’s leading insulin producers, to invest 2 billion roubles ($35.3 million) in the establishment of insulin production in the city of Pushkin of the St Petersburg region of Russia, reports The Pharma Letter's local correspondent.
The project involves full-cycle production of insulin and its analogues, with a capacity of more than 1,000 kg of insulin substance per year.
According to the company, the first stage of the plant was officially commissioned in September of 2017, while the launch of the second stage is scheduled for November 2018
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