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English
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Hayır (No)
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Evet (Yes)
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07.12.2023
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Hayır (No)
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-Unofficial Translation- The groundbreaking ceremony of Azerbaijan's first drug manufacturing facility, which will be established by Gen Pharma Caucasus Manufacturing Operations MMC, in which GEN is a 66% shareholder, was held in Baku on 07/12/2023. The facility, which will be owned and operated by the company on an area of 52,000 m2 within the Pirallahi Industrial Zone allocated by the State of Azerbaijan, is planned to be built with an investment of approximately 36 million US dollars in its first phase. The facility will operate as the first domestic drug producer in the 900 million US dollars Azerbaijani pharmaceutical market, which is entirely based on imports. The construction process of the production facility will last approximately 24 months, and at the end of this period, the first phase is expected to be completed and pharmaceutical production activities will begin. The covered area planned for the first phase of the facility is 14,000 square meters and it is aimed to produce 50 million boxes of medicine annually in a single shift, including 550 million tablets, film tablets, hard gelatin capsules, soft gelatin capsules, powder suspensions, sachets and liquid types. New developments regarding the project and the process will be shared with the public in accordance with the regulations the CMB of Türkiye II-15.1 Material Events Disclosure Comminuque. |
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