Pharma Cluster Takes Shape

The St. Petersburg Times

Published: February 13, 2013 (Issue # 1746)

Pharmaceutical companies Gerofarm, Neon and Samson-Med are all planning to begin construction of pharmaceutical production facilities in the city’s Pushkinskaya industrial zone at the end of spring or the beginning of summer, Interfax reported.

At least $12.9 million has already been spent on paving new roads and supplying the territory with water, gas and electricity. The agreement on the development of the new factories was signed between city government officials and the pharmaceutical companies in June 2010, when plans were first made to transform the area into a pharmaceutical cluster.

Gerofarm intends to spend around $43 million on its factory, while Samson-Med is planning to spend $49.7 million. Neon envisages spending $29.8 million on their production facility. All of the plants are expected to come online in 2014, Interfax reported.

Cluster residents are to enjoy reduced rent payments and tax breaks.