Manturov: By launching innovative drugs, we will ensure a fold increase in exports

The export of Russian pharmaceutical products in the coming years will increase several-fold and in five years will reach $ 3-4 billion a year through the launch of innovative drugs, said Russian Trade and Industry Minister Denis Manturov in Kunming City (administrative center of Yunnan Province, Southwest China).

“We have a good development of pharmaceutics. This year results probably were not very obvious, but there will be some growth. However, in the next two to three years, through the launch of new innovative drugs, we will get a fold increase,” he said at a press conference on the results of the Russian-Chinese subcommittee on cooperation in the field of industry.

“While all exports of pharmaceuticals last year were about $ 1 billion, then  growth in production and supplies for export for only one drug, as I know, may reach approximately $ 300 million,” explained Manturov.

“At the same time, if we collect the entire pool of innovative medicines, it can exceed the volume of about $ 3-4 billion in 5 years, so we see pharmaceuticals as one of the key growth factors,” the head of the Ministry of Industry and Trade concluded.