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VTB issues new guarantees for Pharmstandard

 
16 February 2011

VTB issues new guarantees for Pharmstandard.

Under the limit set by VTB on guarantee operations for Pharmstandard group of companies’ liabilities, the Bank has issued 2 guarantees of VAT refund totaling RUB 348 mln in favor of territorial Federal Tax Agency Inspectorates. The guarantees are provided to Pharmstandard subsidiaries, in particular, OJSC Pharmstandard-Leksredstva and OJSC Pharmstandard UfaVITA.

Forreference:

JSC Pharmstandard is a leader in the Russian pharmaceutical industry producing advanced medical products of more than 250 names, with 86 of them included in the Essential Drug List. The leading brands are Arbidol, Complivit, Pentalgin, Amiksin and others. The company has 3 up-to-date factories such as OJSC Pharmstandard-Leksredstva in Kursk, OJSC Pharmstandard UfaVITA in Ufa, OJSC Pharmstandard-Tomskchemfarm in Tomsk and JSC Tyumen Plant of Medical Equipment and Tools (TZMOI) in Tyumen. The sales volume in 2009 exceeded RUB 24 bln.

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