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The pharmaceutical market of Azerbaijan remains attractive for Russian pharmaceutical companies, said Eldar Tlyabichev, Trade Representative of Russia in Azerbaijan.
The American pharmaceutical company Abbott purchased Veropharm, the Russian manufacturer of generic drugs, last year. Their plan is to begin exporting medicines manufactured in Russian plants. German and French pharmaceutical companies in Russia are also looking to raise exports.
AVEO Oncology announced that it has entered into an exclusive license agreement with a subsidiary of Pharmstandard Group, the largest Russian pharmaceutical group (“Pharmstandard”), for the development, manufacturing and commercialization of AVEO’s small molecule vascular endothelial growth factor (VEGF) tyrosine kinase inhibitor tivozanib in the territories of Russia, Ukraine and the Commonwealth of Independent States (CIS), for all indications excluding ocular conditions.
TWi Biotechnology, Inc., today announced that it has received Notices of Allowance for AC-201, TWi Biotechnology’s lead drug candidate, from the European Patent Office and the Patent Office of the Russian Federation for patent applications numbered 11766702.2-1460 and 2012147449, respectively.  This patent includes AC-201, or its pharmaceutically acceptable salts or active metabolites, for treatment of both type I and type II diabetes
Big Pharma Take Advantage of Reimbursement for Costly Drugs Through the DLOs Seven Nosologies.
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