World Blog b y humble servant. Ukraine Chronicles 91. The double edge sword.India may take advantage of Western Big Pharma cutting ties with Russia Moscow’s envoy to New Delhi said Indian firms may take the place of some Western pharmaceutical companies vacating Russia
Indian pharma firms could soon find new business opportunities in Russia as a number of European and US corporations suspend some operations in the country over its military operation in Ukraine, Moscow’s ambassador said. Speaking to the Rossiya 24 channel on Friday, Ambassador Denis Alipov argued that India is a leading manufacturer of generic drugs identical to famous brands, calling the nation a “world pharmacy.” “The withdrawal of many Western companies from the Russian market and those niches that have been vacated may actually be occupied by Indian companies in many industries, in particular, in pharmaceuticals,” he told the broadcaster, adding that India “has long and actively been present in the Russian market” – including joint medicine production ventures – “and I think even greater opportunities will open now in this niche.” Pharma giants explain stance on new clinical trials in RussiaREAD MORE: Pharma giants explain stance on new clinical trials in Russia Alipov’s commen...