September 7, 2011 9:36 PM

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Aurobindo, Diod form JV for Russian market

Pharma firm, Aurobindo Pharma on Wednesday said it has formed an equal joint venture with Russian healthcare equipment company, Ojsc Diod, to manufacture and sell medicines in Russia, Belarus and Kazakhstan.Aurospharma Company, the new JV will set up a plant to make Non Penicillin and Non Cephalosporin Rx generics and other drugs that are categorised as Over-the-Counter products in Russia.In addition, the JV will source Penicillin, Cephalosporin and few other therapy products manufactured by Aurobindo Pharma to sell in Russia, Belarus and Kazakhstan.

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