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project info
Start date: 11 August 2017
End date: 30 August 2021
funding
Fund: European Regional Development Fund (ERDF)
Total budget: 3 847 758,00 €
EU contribution: 1 500 000,00 € (38,98%)
programme
Programming period: 2014-2020
Managing authority: Finansų ministerija
beneficiary

Installation of a modern pharmaceutical plant

Ukraine’s pharmaceutical sector is undergoing important changes that favour new entrants to enter the market. UAB “Escolit” has decided to enter the Ukrainian pharmaceutical market in order to deliver high quality products at lower prices. UAB “Escolit”, during the project “Modernia Medicines Factory Installation”, is planning to acquire modern pharmaceutical production equipment and to establish a modern pharmaceutical factory where generic and later innovative medicines developed by the company’s scientists would be produced. The drug portfolio will consist of 3 types of medicines: generic generics, antibiotics and anti-tuberculosis drugs. New jobs will be created during the project. With the introduction of new modern manufacturing equipment and the introduction of pharmaceutical production, the aim will be to increase the company’s productivity

Flag of Lithuania  Telšių apskritis, Lithuania