IN 2015 EXPORT VOLUME OF ARMENIAN MEDICAMENTS WILL BE ABOUT $10 MILLION VERSUS CURRENT VOLUME OF $3 MILLION – EXPERT

ARKA
Dec 1, 2009

YEREVAN, December 1. /ARKA/. "Volumes of export of Armenian medicaments
in 2015 will be $10 million versus current $3 million", said Sergey
Matevosyan, Director of pharmaceutical company "Likvor" on Tuesday
during the Forum of Competitiveness of Pharmaceutics.

At present, pharmaceutical sector in Armenia is being developed by
inertia. "Continuation of such a policy will bring to extrusion of
Armenian products in the market and development of international
strategy of pharmaceutical market", said Matevosyan. Implementation
of targeted strategy will allow to increase the share of production of
local medicaments in the market up to 45% in 2015, as well as reach the
volumes of export of Armenian medicaments up to $10 million in 2015.

Adoption of the strategy will allow to activate the given sphere and
more actively invest innovation technologies in the production. Volume
of the import of medicaments to Armenia was $60.38 million during 10
months of 2009 versus $83.93 million in 2008. Volume of production
of Armenian medicaments was increased by 113 million drams during
10 months of 2009 and made 1.737 billion drams. During 10 months
of 2009 volume of export of Armenian pharmaceutical products was
$2.78 million versus $3.46 million in 2008. Only 22% or 76 names of
medicaments from 342 main names of medicaments are produced in Armenia.

Only 14% or 445 names of all medicaments presented in the Armenian
market are produced within the country. 22% or 718 names of medicaments
are imported from NIS countries and the remaining 64% from other
countries.