28 May '10
Pharm-Holding intends to build a science research and production complex to produce peptide medicine in St. Petersburg, Kommersant reports.
Investment in the project has yet to be disclosed, but is estimated by experts at over $20m at an initial stage.
Under plans, the company is to become the fifth resident in the St. Pete’s pharmaceuticals cluster and build the plant on a three-hectare land site in Pushkin district, next to four other pharmaceutical complexes.
The project is scheduled to be carried out in 2010-2014.