Business news from Ukraine

Business news from Ukraine

Biopharma Plasma Opens New Plasma Center in Kolomyia

The biopharmaceutical company Biopharma Plasma (Kyiv) has opened a plasma center in Kolomyia (Ivano-Frankivsk Oblast), marking the company’s 23rd plasma center. The company announced this on LinkedIn.

“This new center is another step toward expanding access to plasma donation and strengthening our contribution to the production of life-saving medicines,” the company stated.

As previously reported, in June, Biopharma Plasma opened a plasma center in Zhytomyr, which became the company’s 22nd plasma center. Before the war, Biopharma Plasma planned to open approximately four to five new centers each year, investing about $2.5 million in each.

By the end of 2027, Biopharma plans to launch a plant in Oradea, Romania, with an initial investment of 85 million euros. In September of this year, the company plans to launch the first phase of its plant in Uzhhorod for the production of pharmaceutical products and immunobiological preparations, which will provide a full cycle of blood plasma processing. The company has already invested 67 million euros in the construction; the total cost of the first phase is 75 million euros. According to the plan, the volume of blood plasma-based drug production in Uzhhorod will be twice that of production in Bila Tserkva, amounting to up to 1.5 million liters of blood plasma per year, while the project in Romania will be twice as large.

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Current education system in Ukraine is hindering investment, says the president of the pharmaceutical company Biofarma Plasma

The current education system in Ukraine is hindering investment and business development and needs to be changed, according to Konstantin Efimenko, president of the pharmaceutical company Biofarma Plasma.

“In order for us to implement changes and invest $500 million over seven years, the education system needs to be fundamentally changed,” he said at the Kyiv International Economic Forum (KIEF) on Thursday.
Yefimenko noted the negative consequences for primary schools of online learning, which has been practiced in Ukraine for the past six years.

“That’s why we’ve completely lost the school system. Today, we’re getting kids with absolutely zero knowledge, and we need to understand that in order to understand where we are,” he said.
Yefimenko stressed the need to invest in education and review curricula.

“We need to change the education system, we need to remove all these lessons on happiness, some psychological lessons, and bring mathematics, chemistry, and biology back to school,” said the businessman and former Minister of Transport and Communications.

In addition, Yefimenko stressed the need to upgrade university teaching laboratories.

“I visited almost all the universities in Kyiv where chemistry and biology are taught. And I will say this: all their laboratories became obsolete 34 years ago. Everything there related to chemistry, biology, and physics should be collected and thrown away. The entire university base is worse than a single Biofarma laboratory, in which we invested $25 million. But let’s think about it: a peripheral company from Bila Tserkva has a better laboratory base than all universities, including national ones. How can this be acceptable?” he said.

Yefimenko noted the high demand for qualified personnel: “We need people, but we can’t train them at the trolleybus stop. We need to buy chromatographs, we need to buy cytometers, we need to find equipment and connect it. And we don’t have that.”

“We have created two schools because we understand that there is no school education. We have created our own department at Shevchenko University. There are now 15 children studying there. I find the teachers myself and pay them myself, which costs more than $1 million a year. We are now publishing textbooks. The only thing more important than this is what is happening on the front line,” he said.

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