Baku, Azerbaijan, May 7
By Ilkin Shafiyev – Trend:
Products of the Azerbaijani-Russian Hayat Pharm pharmaceutical plant are planned to be exported to the countries of Central Asia, Georgia, Iran and Ukraine, a representative of the Hayat Pharm company told Trend May 7.
The Hayat Pharm plant’s project is being implemented in the Pirallahi industrial district of Azerbaijan.
“In general, the plant’s products will not only cover the needs of the domestic market, but will also be exported,” the company representative added.
On April 23, Azerbaijani Economy Minister Shahin Mustafayev said that a packing line will be commissioned at the Hayat Pharm by late 2018.
Previously, Azerbaijani Deputy Economy Minister Niyazi Safarov said the construction of Hayat Pharm will be completed by 2019. Safarov noted that $74 million were invested in the plant’s construction.
Hayat Pharm will produce medicines of various pharmaceutical groups, including cancer, antifungal, antiemetic, antiviral and other drugs.
More than 200 new jobs are expected to be created at the plant. According to preliminary calculations, the activity of the facility will make it possible to bring the annual production value of medicines in Azerbaijan to $70 million by 2025.
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