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Joint Venture between Cuba and United Kingdom |
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Monday, August 10, 2020
Havana.- Companies from Cuba and the United Kingdom agreed to establish the BioFarmaInnovations firm to develop and access innovative medicines in Europe.
The initiative involves the BioCubaFarma business group and the British company SG InnovationsLimited.
This step aims to provide access to a portfolio of biopharmaceutical products, protected by BioCubaFarma patents, which includes all of Cuba's pharmaceutical and biotechnology industries.
BioFarmaInnovations will expand its distribution networks and increase the accessibility of these products to more people around the world.
Coupled with this, the new company will allow evaluating these and other products in its portfolio in European nations and the British Commonwealth.
In addition, it will allow investment in the development of new products, including clinical trials and new drugs.
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