Indian pharmas consider setting up shop and starting joint biotech RandD in Moscow

Indian pharmas consider setting up shop and starting joint biotech RandD in MoscowIndian pharmas have plans to set up shop in Moscow, and the Moscow government hopes for joint RandD to create new drugs based on the city?s scientific medical centers

Indian pharmaceutical companies have secured support from the Moscow government to set up shop in the Russian capital, the Russian Nanotech Society website reported. In addition, further plans include collaboration in the development of new drug candidates on the premises of Moscow?s scientific medical centers. ?We deem it important to move away from purchasing Indian pharmaceutical products to localizing the manufacture of such products in Moscow. Doing joint research and development work to create brand new drugs based on Moscow?s R&D hubs also has great potential,? said Sergei Cheremin, the head of the foreign trade and international relations department at the Moscow government. According to Indian partners, they are ready to invest in both single-brand and joint ventures in Russia, and are expecting ?a list of drugs that Russia is interested in most...