EBRD to provide EUR 15 mln loan to Ukraine’s pharmaceutical producer Farmak

This is stated in a press release, which is available to Ukrinform.

“Ukraine’s market leader in pharmaceuticals manufacturing, PJSC Farmak, will take a big step forward in its development thanks to an EBRD loan of up to EUR 15 million. The financing will boost research and development (R&D), which will help promote innovation, best industry practices and stimulate competition among domestic pharmaceutical manufacturers,” reads the document.

The document says that energy efficiency improvements will make Farmak more competitive domestically and internationally. The 5-year EBRD loan will be used to support the expansion of Farmak’s production of liquid dosage forms and the modernization of its laboratories.

PJSC Farmak is Ukraine’s leading pharmaceutical producer. The company’s portfolio includes 220 product dossiers. Annually, it brings to the market up to 20 new medicines.

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