European bank to lend €16m to Petrovax
To help Russian pharmaceutical firm commercialise immunology drugs
The European Bank for Reconstruction & Development (EBRD) is considering lending Russian pharmaceutical company NOP Petrovax Pharm up to €15.8m to help commercialise three new medicines to fight immunology and viral diseases.
Rusnano (the Russian Corporation of Nanotechnologies) is considering participating in the project.
Petrovax focuses on the development of generic drugs and vaccines.