Serbia's Galenika to invest $40 million in new pharma facility in Russia
Serbian drugmaker Galenika plans to build a new plant in Russia’s St Petersburg that will specialize on the production of its branded drugs, according to the company, reports The Pharma Letter’s local correspondent.
It is reported that implementation of the project will be part of Galenika’s current strategy of foreign expansion. The planned value of investments is estimated at $40 million.
Currently the company is conducting talks with the authorities of St Petersburg, regarding details of planned production, according to recent statements from the vice governor of St Petersburg, Igor Albin.
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