Rafarma Pharmaceuticals’ project was included in the state program of Uzbekistan
Rafarma Pharmaceuticals, Inc. (OTC: RAFA) presented a project for the immune cells oncological and sterile drugs production and fractionation, blood plasma processing within the innovative scientific and production pharmaceutical cluster "Tashkent Pharma Park". It became a part of a list of measures to accelerate the development of the pharmaceutical industry in Uzbekistan in 2022-2026. The estimated project cost is $45 million, and the planned implementation period is 2024.
In total, 18 projects were included in the list of investment projects in the pharmaceutical industry requiring the development, coordination and approval of pre-project and project documentation in 2022-2026.
The Decree of the President of Uzbekistan Shavkat Miromonovich Mirziyoyev, dated January 21, 2022, is aimed at further improving the provision of the population with high-quality, effective and safe pharmaceutical products, increasing production in the pharmaceutical industry by three times and increasing the level of supply of the domestic market in physical terms to 80% through the introduction of advanced scientific and technological achievements and innovations in the industry.
As of the end of 2021, the level of coverage of the annual need for medicines in the country is 45%. By 2024, the forecast indicator is 63%, and by 2026 - 80%. The pharmaceutical products export of Uzbekistan's current status is $60 million. This figure is planned to increase to $110 million by 2024 and by 2026 - up to $130 million.
ABOUT RAFARMA PHARMACEUTICALS:
Rafarma Pharmaceuticals is an international holding company is engaged in projects conducting the production and market entry of innovative drugs and technology platforms. The business has had a reputation as a reliable manufacturer and distributor since 1930. Rafarma Pharmaceuticals run more than 25 programs in molecular biology, nuclear medicine, immunology, sustainable packaging and many other fields at the moment.
For more information, please visit https://www.noyarp.com
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Source: Rafarma Pharmaceuticals, Inc.