Petrovax Pharm has been announced the winner of the All-Russia Contest "Russian Business Leaders: Performance and Commitment’2017" in the category "For the Dynamic Development of Business". The contest was held by the Russian Union of Industrialists and Entrepreneurs (RUIE).
On 17 January 2018, RUIE President Alexander Shokhin signed an Order # RP-01 "On the Results of the RUIE All-Russia Contest "Russian Business Leaders: Performance and Commitment’2017" that has approved the list of the winners.
This honorary award has become a reality due to Petrovax Pharm’s outstanding performance in a variety of activity areas. Over the past three years, the average growth rate in terms of annual revenues and net profit was 155% and 34%, respectively. In the first half of 2017, exports accounted for 16% of the company’s total sales, whereas capital investment grew by 150% vs. 2016. The company scored high on the Innovation Index, and was successful in the import substitution projects involving hi-tech biopharmaceuticals and vaccines.
The Award Ceremony will be held within the framework of the Russian Business Week, 5-9 February 2018.
The RUIE All-Russia Contest traditionally sums up the results of the expiring year. The objective is to facilitate sustainable development of businesses in line with the long-term economic interests of the Russian Federation as well as identify the fastest-growing companies on a year-on-year basis proceeding from economic and social parameters. The decision on the winner in the category "For the Dynamic Development of Business" is made based on the parameters specifying the facility’s steady dynamics, and sustainable development.