Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU

News

Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU

28.04.2021 News

The coronavirus pandemic has allowed Ukrainian pharmaceutical companies to enter new world markets – the EU and Asia. The head of the board of Darnitsa Group Dmitry Shymkov in an interview stated this with the executive director of the European Business Association Anna Derevyanko.

In particular, the shortage of medicines arose due to the fact that India, which is one of the main suppliers of raw materials and medicines to EU countries, closed the border with Georgia and restricted exports.

Shymkiv notes that the pandemic did not have such an effect on the Ukrainian pharmaceutical market, as domestic companies managed to reorient resources in time to meet the needs of Ukrainians.

Moreover, this situation has enabled Darnytsia and other Ukrainian pharmaceutical companies to develop exports to the European Union.

At the same time, Shymkiv notes that in order to remove barriers, it is necessary to make changes to the free trade agreement.

“So far, this is a situational story for Ukrainian pharmaceutical companies. But it has opened up new opportunities for us. That is why the Ukrainian pharmaceutical industry has taken the initiative to promote the idea of ​​inclusion in the Deep and Comprehensive Free Trade Area (DCFTA) between Ukraine and the European Union on the issue of mutual recognition of GMP certificates, which for some reason did not get into the current version of DCFTA, “said Shymkiv.

He clarified that this will significantly speed up the process of exporting Ukrainian pharmaceutical products to European markets.

“The quality of Ukrainian medicines meets all European standards because the requirements set out in the standards for Ukrainian production fully meet European requirements. And many people who come to Ukraine see our production, our approaches – they agree that it is European, it is world level “, – the Darnitsa Group head of the board of directors emphasized.

Shymkov believes that this issue can be resolved within a few years.

In addition, he believes that Ukrainian pharmaceutical manufacturers can compete with Indian and Chinese in the Asian market.

“For example, last year we launched 10 new products, one of which was just completing a line of two- and three-component hypertensive drugs. These drugs are very interesting for doctors in many countries,” he added.

Other articles

  • globallogic hexacta
    News

    GlobalLogic Acquires Hexacta, an Innovative Digital Engineering Firm in Latin America

    Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]

  • Тест
    Analytics

    Тест

    тест     тест

  • globallogic healthtech 1
    News

    GlobalLogic engineers help create nearly 10% of the global medical device market

    Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]

  • 2779913
    News

    Twitter працює над відновленням відеосервісу Vine

    Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]

  • picturepicture 156446930057951110266878 96171
    News

    CREDIT AGRICOLE TOPS THE SOCIAL RESPONSIBILITY RATING AMONG BANKS ACCORDING TO STANDARD-RATING

    Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]

  • impact automotive
    News

    How Ukrainian developers make impact on road safety

    From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]

  • 750x450 press release image ua
    News

    Intellias completes acquisition of Digitally Inspired, strengthening expertise in the Retail and eСommerce industry

    Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]

  • shutterstock 1920327596
    News

    3×4, a recently-founded Ukrainian Web3 fundraising platform, launches its first campaign

    3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]

Read also

Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

Naftogaz commented on the searches

During a visit to Washington, the head of Naftogaz Yuri Vitrenko commented on searches of the company in the case of non-payment of VAT for 2.7 billion hryvnias for Russian gas. “On the one hand, the State Fiscal Service constantly checks Naftogaz. That is, there is nothing surprising in the fact that there is another […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

Electrolux Company and General Electric Appliances abandoned the anticompetitive agreement for $ 3.3 billion.

Large manufacturers of kitchen appliances announced about the cancellation of the contract, according to which    Electrolux was going to buy a part of General Electric. US regulators filed a claim to court in the summer of 2015 with the requirement to cancel the transaction between the companies (the amount of which was $ 3.3 billion), […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

AMC instituted a proceeding against the “Ukrtatanafta”

The Antimonopoly Committee of Ukraine (ACU) instituted a proceeding against JSC “Ukrtatnafta” for submitting the committee with incomplete information. As the press service of the AMC said, the committee is investigating part of case instituted on the grounds of violations of the legislation on the Protection of Economic Competition by the companies  “Ukrtatnafta” JSC, “SPC-Galicia”, […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

Tesla shares rose nearly $ 50 billion a day

Shares of Tesla rose nearly 8%, or about $ 50 billion, during OTC trading on April 5. The jump in value occurred after the release of data on record deliveries of the company’s products. In particular, in the first quarter of 2021, Tesla delivered 184,800 cars worldwide, exceeding the forecast of 177,822 cars. In turn, […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

In the United States, the number of Americans who have applied for unemployment benefits is growing again

The U.S. Department of Labor’s weekly report on Thursday showed that the number of initial applications for unemployment benefits in the country rose to 1.106 million in the week ended August 15, which is worse than the forecast of economists at 925 thousand and worse than the previous week, when the figure of 971 thousand […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

Zoom Video launches new end-to-end encryption for users around the world

Shares of Zoom Video Communications, which rose 716% over the past 12 months, rose 5.8% during trading on Monday, but closed with an increase of 1.23%. This is very different from the general decline in the market on Monday – major US stock indexes closed lower: the S&P 500 by 1.86%, the Dow Jones by […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

Apple’s quarterly revenue broke the record

American gadget manufacturer Apple Inc. in July-September reduced net income to $ 12.67 billion, or $ 0.73 per share, compared to $ 13.68 billion, or $ 0.76 per share, for the same period in 2019. Stock analysts forecast a rate of $ 0.71 per share. Apple’s quarterly revenue grew 1% year on year to $ […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

The Commission on Securities and Stock Market of Ukraine suspended the licenses of “Ukrainian Stock Exchange”

The Law of Ukraine “On licensing certain types of economic activity” valid from the 28th of June 2015 states that economic entities may be deprived of licenses if they are controlled by the aggressor country. On the 17th of November 2015 the Commission has deprived a license from “Ukrainian Exchange”, because it is a subsidiary […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

S.Tihipko privatizes PJSC Aegon Life Ukraine and Universal Bank

The Ukrainian authority continues  bank privatisation allowing. For the present, Anti-Monopoly Committee of Ukraine (AMCU) gives the permission to Sergei Tihipko of Universal Bank purchasing through the Bailican Limited Company. AMCU provides also allowance  to Sergei Tihipko on the mediated acquisition through the T.A.S. Overseas investments Limited company . He intends to buy shares of […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

SoftBank Group Corporation buys ARM Holdings Plc

Japanese mobile operator SoftBank Group Corporation buys the british corporation – ARM Holdings Plc for 24.3 billion pounds ($ 32 billion). According to SoftBank, shareholders ARM Holdings could receive 1700 pence per share, which is 43% more than the value of the securities at the close of trading in London on Friday. Price of ARM shares […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

The head of Ukreximbank is temporarily resigning

Ukreximbank’s Chairman of the Board Yevhen Metzger has written a statement resigning during the investigation into the attack on journalists. “The situation around the bank is unacceptable. My overly emotional reaction and unrestrained behavior towards journalists are not justified. I am fully aware of my responsibility,” the statement said. To remove partially the damage to […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

Ferrari’s shareholders signed an agreement on protection from hostile takeovers

Large investors of the Ferrari – Exor and Piero Ferrari holding company, made a pact that will protect the corporation from hostile takeovers. Ferrari feared for his integrity after  it will be separated from the Fiat Chrysler in the beginning of the next year. Investors are joining forces to make all actions together and consulting […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

Bitcoin has crossed the $ 52,000 mark

The value of the most popular cryptocurrency bitcoin continues to grow. On the morning of Thursday, February 18, the price exceeded 52 thousand dollars for the first time. CoinDesk data show this. Thus, at 10 o’clock Kiev time, the cryptocurrency at the peak rose by another 1.28% and reached a price of $ 52,100. Currently, […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

ООН оцінила збитки агросектору України через війну

Сільськогосподарський сектор України за час війни зазнав збитків від 4 до 6 млрд доларів. Про це у п’ятницю, 29 липня, повідомила представниця Продовольчої та сільськогосподарської організації ООН (FAO) Вікторія Михальчук. Підраховані на червень збитки включають шкоду інфраструктурі, такій як іригаційне обладнання, сховища, інфраструктура судноплавства та переробки, теплиці, польові культури, сільськогосподарські тварини. Михальчук зазначила, що цього […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

Boeing reports quarterly losses of $ 2.4 billion and cuts production again

On Wednesday, Boeing announced the financial results of the 2nd quarter, which ended on June 30. Boeing Management noted that the company makes “tough, but necessary steps to adapt for a new realities of market.” Aviation giant is experiencing perhaps the most difficult times in its history, faced with a double crisis. On the one […]

Next
Ukrainian pharmaceutical companies have the opportunity to develop exports to the EU
News

McDonald’s sells almost all of its business in China

According to one of the leading US companies – financial information provider Bloomberg L.P., McDonald’s Corporation already has a large share of potential buyers (80%) of Chinese fast food restaurants. The future owner of the assets turned out a syndicate Citic and Carlyle Group companies, which will buy a controlling stake shares of McDonald’s business […]

Next