Pharmaceutical business in Russia

Pharmaceutical business in Russia is a key industry that includes the production, distribution and sale of medicines. Our website offers articles on regulatory specifics, current challenges and future market prospects.

Learn about the impact of government policy on the industry, localization of production and strategies for cooperation with international companies. Explore opportunities for growth and adaptation to global trends that will help improve the availability and quality of medicines in Russia.

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India Overtakes Germany as Largest Supplier of Medicines to Russian Market

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In 2023, India surpassed Germany to become the largest foreign supplier of medicines to the Russian market. This shift comes amidst European countries reducing sales of original drugs due to the emergence of analogues and market restrictions. The following analysis provides insights into the changing dynamics of the Russian pharmaceutical import market. Key Findings In […]

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Expanding Pharmacy Chains Consolidate Russian Market

Pharmaceutical Business, Pharmacy Management, Pharmacy Practice / / / , , ,

Over the past few years, Russia has seen immense growth in its pharmacy industry led by the expansion of large pharmacy chains. As of 2023, there are over 77,000 pharmacies across Russia, up 4.6% from 2022. Pharmacy chains now account for 91.7% of total pharmacy revenue in the country. Russian Pharmacy Chains Consolidating Market Through

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Acino Spins Off Embattled Russian Division into New Company Alcea

Medicine, Pharmaceutical Business / / / , , ,

As war rages in Ukraine and tensions between Russia and the West escalate, Swiss pharmaceutical giant Acino International has made the strategic decision to spin-off its Russian division Acino Rus into a separate independent entity called Alcea. Acino had expanded in Russia since 2015, achieving double-digit growth in recent years largely driven by sales of

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