Serbian drugmaker Galenika to invest 28 million euros in construction of Russian plant
Galenika, one of Serbia’s largest pharmaceutical companies, is considering building a drug manufacturing plant in the Russian Kaluga region. The company has already signed an investment agreement with the regional administration, which is expected to be finally approved on March 2 in Belgrade.
The total cost of the project, which is expected to be implemented in the cooperation with Russian pharm distributor OAO Farmimeks as well as the local PSP-Farman engineering company, is estimated at 28 million euros ($37.9 million). All the construction works are expected to be completed during the next 18 months.
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