JSC Pharmstandard is a Russian multinational[1] pharmaceutical company. It is headquartered in Dolgoprudny, Moscow Oblast.
Pharmstandard's makes and exports over 400 generic and proprietary drugs, including products used in the treatment of diabetes, growth hormone deficiency, cardiovascular diseases, gastroenterological and neurological disorders, infectious diseases, cancer, etc.
The company has six manufacturing facilities located in Moscow, Ufa, Nizhny Novgorod, Kursk, Tomsk and Tyumen.
History
Pharmstandard was established in 2003 as a result of a merger.[2]
In May 2007 the company raised $880 million in an IPO, valuing the company at $2.2 billion.[3] Roman Abramovich owned a 17% stake in the company until March 2008.[4]
In 2013 the company announced plans to buy the ingredient supplier Bever Pharmaceutical, causing Pharmstandard shares to fall 25%.[5]
Pharmstandard was delisted from the London and Moscow stock exchanges in 2017.[6][7]
References
- Pharmstandard International^
- Zhuplev Anatoly. Geo-Regional Competitiveness in Central and Eastern Europe, the Baltic Countries, and Russia IGI Global, 2014^
- Salamander Davoudiand Sarah Spikes. Russian drug IPO raises $880m Financial Times, 5 May 2007, retrieved 25 September 2017^
- Russia's Abramovich sells his stake in drug maker Reuters, 2008, retrieved 25 September 2017^
- Pharmstandard to buy ingredient supplier for $590 million Reuters, 2013, retrieved 25 September 2017^
- BRIEF-Pharmstandard shares to be delisted as of March 24 - Moscow Exchange Reuters, 17 February 2017, retrieved 23 April 2017^
- Об исключении ценных бумаг из Списка ценных бумаг, допущенных к торгам, и о прекращении торгов ценными бумагами Московская Биржа, retrieved 28 August 2017^