Ukraine's largest drug manufacturer Farmak is investing more than 20 million euros in a new factory of its own drugs in the suburbs of Barcelona.
The plant, with a complete supply chain, closed production cycle, and quality control, is scheduled to open in early 2024. It will produce sterile medicines in the form of solutions, suspensions in vials and syringes. In addition, the company plans to open a multifunctional laboratory complex with an R&D center in Spain.
Similar to Farmak's aseptic facilities in Ukraine, the company's Spanish production will meet the high European GMP and US FDA standards.
"We planned to open a plant in the EU long before the start of the war. Farmak is on the way to transforming into an international company. Therefore, we decided not to change our strategy and not to limit the possibilities of enterprise development. Firstly, it will help Farmak, the first Ukrainian company, to integrate into the European pharmaceutical market. Secondly, we will get a number of benefits, including deepening cooperation with European partners, a larger representation of Ukrainian business in the European market, sharing knowledge with European specialists within the research laboratory and importing best practices to Ukraine," says the Executive Director of Farmak Volodymyr Kostiuk.
The company does not plan to move production facilities from its Ukrainian factories but is building a new production facility.
Farmak's product portfolio currently includes more than 450 types of medicines. Among which are endocrinological, gastroenterological, cardiological, neurological, and anti-cold drugs. In addition to providing drugs to the Ukrainian market, Farmak exports to more than 40 countries in the EU, Central and South America, the CIS, the Middle East, and Asia. At the same time, the company's focus invariably remains on the priority coverage of the needs of the Ukrainian healthcare system.
Pharmaceutical company Farmak paid more than UAH 550 million in taxes to the budgets of all levels for 9 months of 2022. In order to support the state, the enterprise paid the first amount of UAH 105.8 million in advance, immediately after the start of the war. According to Proxima Research, as of November 2022, […]
Despite the war, Ukraine's largest pharmaceutical company, Farmak, opened a new production site for medicines in nebules and launched 11 new products on the market. These are medicines for the treatment of respiratory tract and bronchial asthma, thrombosis, and acute myocardial infarction, as well as radiocontrast, anti-inflammatory and analgesic medic...
In October, the volunteers of the DyvoUA Charitable Foundation launched the Mobile Doctors project, within the framework of which they conduct free medical examinations of people in the territories liberated from the aggressor. In addition to high-quality diagnostics and medical advice, Ukrainians can also receive the necessary medicines free of charge, whic...
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Farmak PAT published this content on 23 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2022 09:34:05 UTC.