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„Grindeks Rus” Ltd., subsidiary of JSC „Grindeks”, claims the refund of material losses
Emitents Grindeks, AS (5299006DWR32NKWM1O86)
Veids Būtiski notikumi
Valoda EN
Statuss Publicēts
Versija
Datums 2009-07-20 17:14:06
Versijas komentārs
Teksts „Grindeks Rus” Ltd., subsidiary of JSC „Grindeks”, has initiated a court case at Arbitration Court of Moscow against CJSC “FarmFirma “Soteks”. „Grindeks Rus” claims the refund of material losses caused by breach of agreement for contractual manufacturing of „Mildronate” injections 0.5 g (ampoules) 5 ml, as a result of which 98 batches of the product were withdrawn from the Russian market.

As it was announced previously, in October 2006 „Grindeks Rus” Ltd., subsidiary of JSC “Grindeks”, has signed contract manufacturing agreement with CJSC “FarmFirma “Soteks” on production of „Mildronate” injections 0.5 g (ampoules) 5 ml meant for distribution only in the territory of Russia. In the beginning of 2009, after the disclosure of violations in manufacturing process, production of „Mildronate” injections 0.5 g (ampoules) 5 ml at CJSC “FarmFirma “Soteks” was immediately ceased. Currently, JSC “Grindeks” ensure supply of „Mildronate” injections 0.5 g (ampoules) 5 ml for Russia produced in European Union according to GMP standards.

About “Grindeks”

JSC “Grindeks” is the leading pharmaceutical company in the Baltic States. Its main fields of action are research, development and manufacturing of original products, generics and active pharmaceutical ingredients. “Grindeks” specializes in the heart and cardiovascular, CNS and anti-cancer medication therapeutic groups.
A range of products covers a successful combination of original products and generics, with the original products Mildronate® and Ftorafur® and more than 100 forms of effective and safe generics included therein.

“Grindeks” concern consists of four subsidiary companies in Latvia, Estonia and Russia, as well representatives and representative offices in fourteen countries. Products of the company are exported to more than 40 countries and its export comprises more than 96% of the total turnover. The main markets are the Baltic States, Russia and other CIS countries, Japan, USA. The shares of JSC “Grindeks” are listed in the Official List of „NASDAQ OMX Riga”.


Contacts:

Ilze Kreicmane
Deputy head of the Communications Department
JSC “Grindeks”
Phones: +37167083336, +37126466681
e-mail: ilze.kreicmane@grindeks.lv
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