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Novartis AG

On 19 June, Novartis Neva opened a factory in the Novoorlovskaya Special Economic Zone. The total amount of investment in the project is 4.5 billion roubles (around $83 million), with 350 jobs to be created.

Swiss company Novartis started construction of the pharmaceutical manufacturing facility in line with GMP Standards back in 2011. The facility will produce 1.5 billion units of solid dosage forms per year. The project includes the development and production of more than 40 brand name medicines, including high-quality generic Sandoz drugs and original Novartis Pharma products (both companies are part of the Novartis Group). The medicines are intended for use in the following areas: cardiology, neurology, organ transplantation, oncology, gastroenterology and diabetes.

The project has been implemented as part of Novartis’ $500-million strategic investment programme in Russia, which it launched in 2010. The programme involves the organisation of local production and cooperation in research and development.

At present, three production lines have been installed at the new facility. After the equipment has been set up, test release of the medicines will begin, followed by the drug registration procedure. Commercial launch is planned for 2017. Having its own production facilities in Russia will allow Novartis to reduce the price of its products by at least 10%.

Novartis came into being in 1996 following the merger of Ciba-Geigy and Sandoz, two companies with rich and varied corporate histories. It is now one of the largest pharmaceutical companies in the world, employing 136,000 people in 150 countries. All of the company’s sub-divisions are represented in Russia: Novartis Pharma, Sandoz, Alcon, Novartis OTC, Novartis Vaccines and Diagnostics and Novartis Animal Health.

18 June 2015

Switzerland-based pharmaceutical company Novartis AG is set to open a new production facility in St Petersburg in June 2015.

The new plant, which is located in the Special Economic Zone (SEZ) in St Petersburg, required an investment of USD 140 million and is set to manufacture up to approximately 1.7 billion tablets per year.

25 May 2015
http://www.kommersant.ru/
Investor
500.0 mln
Jobs: 350
St. Petersburg

Investor profile

Novartis AG

Basel, Switzerland

Company's website: www.novartis.com/

T: +41 613241111

Public company (NYSE: NVS)

Contact: Mr Joseph Jimenez, Chief Executive Officer

Novartis is one of the world's largest drug firms. Its Sandoz generics subsidiary produces finished dosage products as well as active pharmaceutical ingredients for other generic drug companies to manufacture.

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