The Azerbaijani-Russian joint venture will be commissioned in December 2018, the Azerbaijani government announced.
According to the government “in December, the drug packaging line will be put into operation, which is the first stage of the project”.
Laying the foundation of the enterprise occurred in November 2016 on the territory of the Pirallahi industrial park in Baku. Within the framework of the project that is being implemented by R-Pharm and its partners in Azerbaijan, it is planned to create the first high-tech industrial complex in the Republic with laboratory and logistics units.
The complex will meet all modern standards, including GMP good practices. The portfolio of products planned for localization in the framework of the import substitution program will include drugs for the treatment of socially significant and high-cost nosologies. These will include drugs for the treatment of cancer, heart diseases, diabetes. In the future, the portfolio will be expanded and will satisfy needs not only of Azerbaijan, but also of the other countries of the region. The capacity of the plant will exceed 250 million product units per year.
The investment climate inside Azerbaijan is becoming increasingly favorable for foreign investors. When developing a business plan, we paid special attention to the existing business conditions supporting investors and market operators. The conditions proposed to the residents of industrial parks seemed especially attractive. The main result of the emergence of production in Azerbaijan is the increased availability of modern therapies for patients. In addition, it is important to note that R-Farm is a socially oriented business. When organizing a new enterprise, it is very important for us to have a positive impact on the community around it. That is why, together with modern technologies and new jobs, we plan to transfer here the best practices in the training of highly professional staff, educational projects that are already successfully implemented in Russia, – R-Farm commented.