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A Joint Venture Fund that Will Invest in Projects in the Sphere of Medical and Pharmaceutical Industry will be Created
28.06.2019 00:01
A Joint Venture Fund that Will Invest in Projects in the Sphere of Medical and Pharmaceutical Industry will be Created

The Ministry of Industry and Trade and the Russian Venture Company (RVC) will create a joint venture fund that will invest in projects in the sphere of medical and pharmaceutical industry, according to Rubase. An appropriate agreement has been signed.

      The priority areas for investment will be the production of high-tech medical products, development of new medicines in the field of oncology and their delivery systems, development of software for body functions monitoring, etc. The volume of the joint fund will amount to 4.5 billion roubles; it will operate for 10 years, there is a possibility of prolongation. It is noted that the fund is ready to invest in early stage projects.

      Read More Articles about Russian Economy and Business

Author: Anna Dorozhkina

Tags: Russian economy Russian business    

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