On May 19–21, St. Petersburg was the venue of the 21st Russian Pharmaceutical Forum organized by Adam Smith Conferences. The event is one of the most important for the pharma industry. Annually, it brings together professional community members to discuss pressing industry development issues, and exchange experience.
Petrovax Pharm was among the most active forum participants. Petrovax Pharm President Elena Arkhangelskaya spoke at the session on the development of adaptive market strategies in the public sector. The speaker analyzed the issues concerning the development of international cooperation, and localization of pharmaceutical projects.
«Presently, there are two development paths for foreign companies in Russia: first is setting up their own manufacturing facilities; second is localization of their pharmaceuticals at the already operating manufacturing sites. My experience suggests that pursuing localization projects with partners that have state-
In respect of the government initiatives, Petrovax Pharm leader emphasized that