Russia's Polysan to invest $60 million in localization of Bayer's anticoagulant drug
Russian drugmaker Polysan will invest about 4 billion roubles (~$60 million) in the establishment of full-cycle production of a drug from German pharma major Bayer (BAYN: DE), according to the company, reports The Pharma Letter’s local correspondent.
As part of these plans, the production of the anticoagulant drug Xarelto (rivaroxaban)will be established at the facilities of Polysan, a top-ten Russian pharmaceutical producer, in St Petersburg.
According to Russian analysts, Xarelto is a relatively new drug on the Russian market that will have to withstand serious competition from similar drugs of some major competitors.
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