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VTB helps finance construction of Nearmedic Pharma plant

 
8 June 2015

VTB helps finance construction of Nearmedic Pharma plant © photoexpress.ru

The launch ceremony for Nearmedic Pharma, a pharmaceuticals plant VTB supported with a three-year RUB 3 billion loan, was held in Obninsk on 5 June 2015. The plant is a unique full-cycle facility, with operations ranging from synthesising precursors to manufacturing medicines - including proprietary medicines.

“We have been working with Nearmedic for five years. We are glad to be able to help our partner create a facility producing proprietary medicines in the Kaluga Region’s pharmaceutical cluster. VTB Bank is always keen to support projects to improve people’s lives, and that is precisely what producing modern high-quality medicines at this facility will accomplish. In addition, the Obinsk production facility will also help create new jobs in the region,” said Mikhail Oseevskiy, Deputy President and Chairman of VTB Bank Management Board.

Nearmedic Director General Vladimir Nesterenko said that VTB Bank has been a reliable partner for many years. “We implemented this project, to build a full-cycle pharmaceutical plant, thanks to the bank’s support. The plant will not only produce existing medicines but will also design new ones at its Research & Development Centre and see them enter mass production,” Nesterenko said.

For reference:

Nearmedic Plus, Ltd is a Russian pharmaceutical, biotechnology and medical company. It was founded in 1989 at the Gamaleya Research Institute for Epidemiology and Microbiology of the Russian Academy of Medical Sciences for implementing the results of its research and development in laboratory diagnostics, immunology, infectology and other medical areas. The company produces diagnostic kits and proprietary medicines, including antiviral medicine KagOcel® and collagen material COLLOST ®. It also sells and services laboratory equipment made by leading foreign producers and is developing a network of multi-specialty and specialised outpatient clinics. Nearmedic Plus is one of the top 10 innovative medical biotechnology companies in Russia. Professor Vladimir Nesterenko (PhD Medicine) is the company’s founder and director general.

Nearmedic Pharma plant comprises four departments: one to produce pills, capsules, prefilled syringes, medicine vials and sachets; another to synthesise pharmaceutical substances; a third to monitor quality using the facilities of analytical laboratories; and an R&D centre equipped to create new solid and injectable medicines.


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