Special investment contract to strengthen AstraZeneca's position in Russia
Anglo-Swedish pharma major AstraZeneca (LSE: AZN) plans to sign a special investment contract with the Russian government, which should strengthen its position in the Russian market and improve the conditions of doing business in that country.
This has already been confirmed by Iskra Reich, general director of AstraZeneca in Russia, reports The Pharma Letter’s local correspondent.
According to Ms Reich, AstraZeneca expects to sign the contract in the first quarter of next year, while under its terms the company plans to localize up to 13 different drugs at its plant in Kaluga. Of these, six will be produced on a full cycle basis, while the remaining seven will be only the subject of packing and final quality control.
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