Russian pharma giant to invest in Turkey

Int’l Relations

R-Pharm, one of Russia’s leading pharmaceutical producers is planning to invest up to €100 million in a subsidiary in Turkey, initially for marketing and promotion of its products with manufacturing to be added at a later stage, media reported. With a recently opened office in Istanbul, R-Pharm intends to invest in biotechnology manufacturing in Turkey, according to its CEO Vasily Ignatiev, who said that the company was aiming to export its products to the Middle Eastern and African markets from Turkey, taking advantage of the country’s strategic location. Turkey has the 14th largest pharmaceuticals market in the world and 6th largest in Europe.

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