Indian Pharma Firms Supply 27 Vaccines to Russian Market

India Pharma Outlook Team | Tuesday, 06 February 2024

 India Pharma Outlook Team

A Russian company approached the Indian embassy in Moscow in search of 27 high-quality vaccines similar to those produced by Western medical authorities. The Pharmaceutical Export Promotion Council of India (Pharmexcil) facilitated these partnerships, providing a unique opportunity for Indian pharmaceutical companies to open up business opportunities in the Russian market.

The Russian company collaborated with the Indian embassy to develop a comprehensive list of 27 vaccines to create a product application that reflects Western countries' quality and efficacy standards."Companies interested in taking advantage of this great opportunity should contact Vera Pronkina, President of the Russia-Asia Business Council.

Uday Bhaskar, Managing Director (DG) of Pharmexcil, encouraged Indian companies to use this opportunity to enter and explore the Russian market. An invitation is extended to all pharmaceutical companies interested in contributing to the global vaccine distribution effort. "With robust manufacturing processes, quality control measures and a broad product portfolio, Indian pharmaceutical companies are well equipped to meet the specific requirements set by Russian companies," the DG said.

While Indian pharmaceutical companies are exploring this approach, the Russian market is at the level of innovative partnerships. The potential for health cooperation strengthens international relations and ensures the efficient delivery of health solutions. This vital collaboration, led by Pharmexcil and the Embassy of India in Moscow, is a benchmark for international cooperation in the pharmaceutical sector. The ripple effects of this partnership promise to reverberate beyond borders and contribute to global health initiatives.

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