RAFARMA ENTER $50,000,000 CEFTRIAXONE MARKET AND SIGNS LONG TERM NATIONAL AND REGIONAL DISTRIBUTION CONTRACTS
Jun 08, 2013
OTC Disclosure News Service
Rafarma is pleased to announce commencement of
production of the antibiotic Ceftriaxone. Ceftriaxone treats inflammatory
infections of the organs of the abdominal cavity, including peritonitis, as
well as inflammatory diseases of the gastrointestinal and bile-excreting tracts.
According to 2011 official statistics, the market for Ceftriaxone in Russia is
estimated at more than $51 million (USD) annually. As a participant in the Russian
Federal Program for Domestic-Produced Vital Drugs, Rafarma intends to
take as much as 50% of the Russian market for Ceftriaxone.
New National and Regional
ZAO ?SIA International? and the Russian
national retail chain OAO ?A5
Pharmacy Ltd.? have entered into
long-term distribution contracts giving Rafarma an overnight national presence
in the Russian Federation retail pharmaceutical market.
CEO David Anderson stated, ?Rafarma’s increase
in production and penetration of market share becomes even more assured with
the 17 national distributors we have signed to long term agreements. These contracts were an integral part of Rafarma?s
expansion plan and will play a vital role in the expansion of operations. Rafarma has positioned itself to become one
of the five leading pharmaceutical companies in the Russian Federation.?
Mr. Anderson went on to say, ?The
agreements with these drug store chains and pharmaceutical supply companies
moves Rafarma in a very positive
direction and also shows the respect these companies have for Rafarma. I am extremely pleased that we get to work with
such qualified partners that have the confidence in Rafarma to lock in long-term
ABOUT Ceftriaxone: Ceftriaxone is produced for injections and
will be packaged in 10 ml. bottles with single gram dosages. Ceftriaxone shall be produced in Unit 2 of
Rafarma?s Terbuni plant. Unit 2 specializes in the production of cephalosporin-based
products and bottle-packaged injection products.
ABOUT Rafarma Pharmaceuticals:
Rafarma Pharmaceuticals is a Russia-based multi-product pharmaceutical company
producing generic antibiotics and specialty pharmaceuticals, in addition to its
own line of proprietary products that are approved by the Ministry of Health of
the Russian Federation.
ABOUT ZAO ?SIA International?
ZAO SIA International, is currently ranked as the No. 1 pharmaceutical
wholesaler and marketer in the Russian pharmaceutical marketplace, with a
market share exceeding 20%.
ABOUT OAO ?A5
Pharmacy Ltd.? A5 Pharmacy Chain has
established itself as a leading brand in the Russian pharmacy sector with a
strong track record of organic growth. The chain comprises different formats of
pharmacies, from pharmacy kiosks to premium stores in the center of Moscow.
A5?s well-thought out strategy and strong execution of its customer value
proposition have established the chain?s leadership and won awards and
recognition in independent industry rankings.
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