Home > NEWS > Industry > Medicine production up in Armenia

Industry

Medicine production up in Armenia
 

November 16, 2010 | 13:22 
“Armenian Pharmaceutical Competitiveness - Third International Conference” is held in Yerevan on November 16. Pharmaceutics is actively developing in Armenia. A total of 40% of medicine produced in Armenia is exported, while share of imported goods in domestic market makes about 85%. This year production of medicine in Armenia has increased by 15% as compared with 2011.
Seventeen Armenian companies are licensed to produce medicine. “Arpimed” is one of the leading companies, its share makes 60% of all drugs produced in Armenia. Other companies are also working to have their place in the domestic market. For instance, 2-yeer-old Medical Horizon Company is producing anesthetic and is already importing it to Georgia and Uzbekistan.
USAID/CAPS Chief of Party Artak Ghazaryan, attaches great importance to the adoption of international standards. “Armenian medicine producers have already started the process of introducing GMP (Good Manufacturing Practice) standards - an imperative in today’s global market. However, there is a pressing need for the establishment of a corresponding legislative framework to reach adequate levels of competitiveness. It is impossible to offer medicines to the European market and, starting from 2014, even CIS countries, without these standards being in place. Hence, GMP certification is the permit to enter the global market for our local pharmaceutical producers,” he said, USAID statement reads.


Previous   [Return Home] [Print] [Go Back]   Next

Contact Us

????????? ?????????