azernews.az 16 Jan, 2017
The foundation stone has been laid for the long-awaited Azerbaijan-Iran pharma plant in the Pirallahi Industrial Park on 16th January, 2017. Project partners are Tamin Pharmaceutical Investment Company (Iran, 49%), Azersun Holding (26%) and Azerbaijan Investment Company (25%). The project will consist of 3 stages. In the first phase there will be production of pills and capsules, ampoule and vial, in the second stage and production of antibiotic drugs will be in third stage. Over $20 million will be invested in the new plant, where German and Italian equipment will be installed. Construction of the plant will take around a year and a half, while the plant will start producing 84 kinds of medicines in the third quarter of 2018.