Brazil wants to buy Pharma tech from the Ukraine

Related tags São paulo Brazil

Brazil plans pharma investment in the Ukraine
Brazil wants to buy pharmaceutical manufacturing technology from the Ukraine as part of a $4.5bn investment plan.

News of the deal emerged earlier this week, just one month after Ukrainian officials visited Sao Paulo as part of a 15 country ‘roadshow’ designed to attract investment.

At the time José Barouki, director of trade and investment company Daruvar SA, said: "We want to build the mini-tractors production plant in Ukraine as well as purchase shipbuilding and pharmaceutical manufacturing technology​.”

The deal – terms of which have not been disclosed – builds on a number of existing agreements between Brazilian and Ukrainian firms.

In May, Brazilian state pharmaceutical group Farmanguinhos/Fiocruz bought 3.5 million vials of genetically engineered human insulin from Ukrainian insulin producer Indar. The countries also have also signed a preliminary agreement to establish bilateral insulin production in Brazil using Ukrainian technology by 2014.

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