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In 2015 Export Volume Of Armenian Medicaments Will Be About $10 Mill

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  • In 2015 Export Volume Of Armenian Medicaments Will Be About $10 Mill

    IN 2015 EXPORT VOLUME OF ARMENIAN MEDICAMENTS WILL BE ABOUT $10 MILLION VERSUS CURRENT VOLUME OF $3 MILLION - EXPERT

    ARKA
    Dec 1, 2009

    YEREVAN, December 1. /ARKA/. "Volumes of export of Armenian medicaments
    in 2015 will be $10 million versus current $3 million", said Sergey
    Matevosyan, Director of pharmaceutical company "Likvor" on Tuesday
    during the Forum of Competitiveness of Pharmaceutics.

    At present, pharmaceutical sector in Armenia is being developed by
    inertia. "Continuation of such a policy will bring to extrusion of
    Armenian products in the market and development of international
    strategy of pharmaceutical market", said Matevosyan. Implementation
    of targeted strategy will allow to increase the share of production of
    local medicaments in the market up to 45% in 2015, as well as reach the
    volumes of export of Armenian medicaments up to $10 million in 2015.

    Adoption of the strategy will allow to activate the given sphere and
    more actively invest innovation technologies in the production. Volume
    of the import of medicaments to Armenia was $60.38 million during 10
    months of 2009 versus $83.93 million in 2008. Volume of production
    of Armenian medicaments was increased by 113 million drams during
    10 months of 2009 and made 1.737 billion drams. During 10 months
    of 2009 volume of export of Armenian pharmaceutical products was
    $2.78 million versus $3.46 million in 2008. Only 22% or 76 names of
    medicaments from 342 main names of medicaments are produced in Armenia.

    Only 14% or 445 names of all medicaments presented in the Armenian
    market are produced within the country. 22% or 718 names of medicaments
    are imported from NIS countries and the remaining 64% from other
    countries.
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