Russia's R-Pharm to invest $237 million in further development
R-Pharm, one of Russia’s largest pharmaceutical producers, has signed an agreement with Vnesheconombank (VEB), on the provision of a loan in the amount of 14.6 billion roubles (~$237 million), which should help the company to implement its ambitious investment projects during the next several years.
It is planned that the borrowed funds will be used for the construction of a plant for the production of pharmaceutical substances in the city of Rostov and a second stage of the plant for the production of finished dosage forms in Yaroslavl. In addition, part of the loan will be invested in the completion of R&D activities for seven original drugs, which are currently designed by R-Pharm.
The terms of the loan are not disclosed. Representatives of R-Pharm declined to comment.
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