Under the partnership’s terms, Pfizer will invest in NovaMedica and the companies will construct a manufacturing facility in the Russian province of Kaluga, with construction set to begin mid-2017. The facility may be used to manufacture products for export markets, according to NovaMedica.
NovaMedica will manufacture the more than 30 sterile injectable products transferred from Pfizer at the Kaluga facility. The products include treatments for severe bacterial and fungal infections, cardiovascular disease, inflammatory diseases and cancer.
The partnership was announced in July 2016.
More articles on supply chain:
Ex-Turing CEO Martin Shkreli: US healthcare costs are up because of physicians, not drug prices
FDA approves first drug for rare spinal disease
FDA imposes clinical hold on Seattle Genetics’ cancer drug after 4 deaths
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.