Pharmaceutical company Darnitsa is studying the prospects of entering Asian markets, can present competitive products there.
“We are looking at the Asian market, South Asia. These are quite large markets, where we are faced with a powerful Indian and Chinese form, behind which is state protectionism. But we have products with which we can compete,” the press service said citing head of the board of directors of Darnitsa Group Dmytro Shymkiv.
He said that in 2020 the company introduced ten new products to the market, which it represents, including in international markets.
Shymkiv also stressed that Darnitsa supports the initiative of leading Ukrainian pharmaceutical companies to “promote the idea of introducing into the agreement with the EU of the issue of mutual recognition of GMP certificates of pharmaceutical plants.”
“This would make it possible to significantly accelerate the export of Ukrainian pharmaceutical products to European countries. Ukrainian pharmaceutical production meets all European standards, the requirements that are prescribed for Ukrainian companies fully meet European standards,” he said.
Shymkiv noted that Ukrainian pharmaceutical companies in 2020 during the lockdown were able to maintain and increase their presence in European markets.
Commenting on the possibility of launching vaccine production in Ukraine, he noted that Darnitsa studied the issue of investment in the vaccine business in 2018-2019.
“The business of vaccines is different from the business of drugs. In all developed countries, vaccine production is a production where, first of all, the state is the largest buyer,” he said.
Commenting on the possibility of launching the production of vaccines against COVID-19, Shymkiv noted that “the Ukrainian pharma industry can build a plant, invest about $ 10-15 million in it, it will take about 2-2.5 years, but with small volumes it will have to compete with global companies which are already making vaccines.”
“At the end of the year, we will have on the world market about 50 vaccines against COVID-19, which will pass all stages of clinical trials. Therefore, the question is how to integrate into this process,” he said, stressing that the negotiation process with Western and Eastern companies continues.
Darnitsa pharmaceutical company is the leader of the Ukrainian pharmaceutical market in natural terms. The company was founded in 1930. The portfolio’s strategic directions are cardiology, neurology and pain management. The beneficiaries of the company are the Zahoriy family.
The pharmaceutical company Darnitsa invested EUR10 million in technological projects in 2019, Dmytro Shymkiv, the chairman of the board of directors of Darnitsa Group, has said.
“In 2019, we invested EUR10 million in technology projects, research, development and production of new drugs. This is 24% more than in 2018,” he said in an interview with Interfax-Ukraine.
Shymkiv said that the structure of Darnitsa’s investments includes three areas: about 48% is investment in new products, 34% in technological development and 16% in digitalization.
Darnitsa invested EUR 2.33 million in digitalization, and more than EUR 30 million in new products in 2015-2019.
He noted that in 2020, Darnitsa launched nine new products in therapeutic areas such as cardiology, neurology, mental health, and completed eight bioequivalence studies of its drugs in the EU, six more studies are ongoing.
PJSC Research and Industrial Center Borschahivka chemical and pharmaceutical plant has filed a lawsuit to Kyiv’s business court against PrJSC Darnitsa pharmaceutical firm (both based in Kyiv) and a lawsuit against the municipal ownership department of the Kyiv City Council, seeking to declare invalid a trading session where shares in the plant were sold and the respective sale and purchase contract was signed. “After studying the materials of the lawsuit, the court declared them sufficient for accepting the lawsuit, opening the proceeding and hearing the case,” the business court said in a ruling published in the unified register of court rulings.
In turn, Darnitsa pharmaceutical firm filed the counterclaim against Borschahivka chemical and pharmaceutical plant seeking to declare valid its ownership rights to the shares of the plant.
Four persons also filed lawsuits to the business court of Kyiv with the same demands against Darnitsa pharmaceutical firm and the municipal ownership department of the Kyiv City Council.
