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LLC Fort and OJSC RT-Biotechprom Assisted by Vnesheconombank are to Implement a Project to Build a Modern Pharmaceutical Plant in the Ryazan Region on the Territory of more than 16.4 Hectares including Ecologically Clean Sanitary Protection Zone

17 november 2011 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and OJSC RT-Biotechprom signed a package of documents for funding the project to build Russia’s largest biotech drugs manufacturing facility “FORT”. The project is being implemented by RT-Biotechprom together with LLC Fort.

The FORT project provides for the construction of a pharmaceutical integrated production facility in line with GMP standard. The project is unique and it provides for a full production cycle of original innovative biotech medicines starting from drug substances manufacturing stage.

 Solutions developed by scientists and specialists of the facility together with leading think tanks of the Russian Academy of Medical Sciences in the field molecular designing and biotechnology, formulation of officinal medicines of immobilized cytokines, vaccine for prevention and treatment of infectious diseases are original.

The total amount of investments in the project is estimated at more than 4.8 billion rubles. The facility is to be put in operation in 2013; rated capacity is scheduled to be achieved in 2015.

Vnesheconombank’s and State Corporation Rostechnologies’ participation in the FORT project is effected under the Protocol of Intent signed in September of 2010 at the Baikal Economic Forum. The Protocol provides for cooperation between the parties in implementing investment projects and programs including in biotechnological, medical and pharmaceutical areas.

The project enjoys support on federal and regional levels. Under the Ryazan region Government’s resolution the project was given a status of high-priority investment project.

“This project is a vivid example of Vnesheconombank’s activity in funding innovation projects. Pharmaceutics is one of Vnesheconombank’s high priority lines of activity. In order to make the Russian economy more competitive Vnesheconombank’s efforts are aimed at boosting innovation activity, developing import-substituting technologies”, said Board Member, Vnesheconombank Deputy Chairman Anatoly Ballo.

State Corporation Rostechnologies

State Corporation Rostechnologies was set up on November 23, 2007 under the Russian Federal Law. The Corporation’s activity is to assist in developing, manufacturing and exporting high technology industrial products through providing support on domestic and foreign markets for Russian companies – developers and manufacturers of high technology industrial products and raising investments for companies operating in various industrial sectors.

State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’

Vnesheconombank is a key instrument for pursuing government economic policy. The Bank for Development’s activity is aimed at overcoming economic growth infrastructure restrictions, boosting natural resources utilization efficiency, developing high-technology industries, encouraging innovations, exports of high-technology industrial products, implementing projects in special economic zones as well as carrying out environment protection projects, providing support for small and medium-sized enterprises and for exports of agricultural and industrial products and services and diversifying national exports. One of Vnesheconombank’s lines of investment activity is to implement projects designed to enhance innovations, one of the Bank’s sectoral priorities is medical equipment and pharmaceutics.

OJS RT-Biotechprom

OJSC RT-Biotechprom was established in 2009 and it is a strategically important holding of State Corporation Rostechnologies in industrial biotechnologies, pharmaceutics and medical equipment. The Company’s main goal is to become an effective instrument for the industrial development of the Russian medical and pharmaceutical industry.

LLC Fort

LLC Fort’s scope of activity under the project is to:

  1. Develop and manufacture medicines for treating and preventing socially important and rare diseases;
  2. Develop and manufacture drug substances;
  3. Develop cellular, nano and bio technologies in medicine.

 

Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7(499) 975-21-34
E-mail: press@veb.ru


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