Indian investor intends to develop pharmaceutical production in Kueda

Indian investor intends to develop pharmaceutical production in Kueda

Representatives of the group of companies "Advanced" developing a pharmaceutical factory in the v. Kueda (the Perm region) at a meeting with the heads of regional departments - the Ministry of Economic Development and the Ministry of Health, as well as the Investment Development Agency, discussed promising directions for the development of pharmaceutical production in Prikamye.
The pharmaceutical factory for production of parenteral drugs (enter the body bypassing the gastrointestinal tract, with the help of injections and inhalations) operated in the v. Kueda since 2013. However, starting from 2015, the factory became unprofitable, which led to the loss of employment and relocation of qualified specialists from the territory. In January 2019, the factory was officially acquired by and became the part of the group of companies "Advanced".
At the meeting, the General Director of the group of companies "Advanced", the representative of the Indian business alliance, Mr. Rajesh Sharma with the heads of regional departments - acting the Minister of Economic Development and Investments Eduard Sosnin, acting the Minister of Health Anastasia Cruten, the General Director of the Investment Development Agency Pavel Noskov, Mr. Sharma pointed out that today the pharmaceutical factory in Kueda demonstrates a precise schedule for implementation of works on factory reconstruction, which, in turn, is a major prerequisite for further production run in the spring 2021:
- Our company’s mission, - says Rajesh Sharma, - is to provide the domestic population with highly effective vital medicines in the healthcare system of the Russian Federation by introducing a full cycle of innovative technologies to create own ready-made medicinal products of the highest international level. One of our activities is the production of medicines in the form of infusions used for the treatment of tuberculosis, HIV, hepatitis, and other vital pharmacotherapeutic groups. On the basis of OOO "AdvancedPerm" (LLC) it will be planned to produce 12 drugs (some of which have already been registered, some are being registrated). Today, more than 100 million rubles have already been invested in the development of the enterprise, and it is planned to create more than 100 job places.
Currently, a complete reconstruction is on, in accordance with the requirements for pharmaceutical production. The planned capacity of the factory will allow to produce more than 8 million vials of infusion solutions per year.
Also, among the immediate plans of the investor, to obtain the "priority" status for the project, which will allow to receive consulting and administrative support from the Investment Development Agency of the region. In addition, in order to attract highly qualified personnel to work for the company, the investor won support of the regional Ministry of Health.
- The expansion of cooperation with the Indian investor, who also develops production on one of the territories of the region, is a very positive story for the development of investment climate in our region. This is because that apart from the economy of this investment project, the social component is also important here: new production facility will help attract highly qualified personnel to the territory and reduce the migration outflow of the population, said Eduard Sosnin, acting Minister of Economic Development and Investments of the Perm region.
Mr. Rajesh Sharma thanked for the friendly reception and the interest shown to the company: "It is significant to leave a good mark on history, I'm glad that I, as an India's representative, have this opportunity to implement such a project and contribute to the development of the region".



Note:
"Advanсed" is a group of national companies that produce and distribute medicines for the treatment of tuberculosis, HIV, hepatitis, and other vital pharmacotherapeutic groups.
The group of companies “Advanced” includes:
Advanced Trading – a fast-growing national company that uses advanced technologies in Russia. Medical products are of international quality standards WHO GMP; US FDA. They are recommended by reputable international organizations, such as UK MHRA, GLC, and national experts.
Advanced Pharmaceuticals – a multi-field complex for the production of solids in the form of tablets and capsules. The complex is located in the Belgorod region in the Severny industrial park on a land plot of 1.65 hectares. The project is included in the investment program for the development of the Belgorod region. The total cost of the planned investments is 1.5 billion rubles.
Advanced Perm – a production facility for manufacturing of parenteral solids in the form of infusion solutions. The complex is located in the Perm region, village of Kueda.

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