FUTURE OF RUSSIAN HEALTHBIO INDUSTRY

04-2013Project Backgroung• As it has been noticed lately, Pharma and Biotech are becoming hottopics in Russia - like in all other world. Biomedical technologies are inthe list of top-5 priority areas in innovation development for Russiangovernment. Technological growth coupled with economic and politicalchanges, increasing middle class, trade liberalization and largeinvestments promise dramatic improvements in healthcare andwellbeing, pharma & nutrition production, industrial biotechnologies etc. –all that gives a reason to believe that there may be interestingopportunities for Finnish HealthBio businesses in Russia in the nearest3-5 years.• In the beginning of 2012 it was been decided to initiate an OpportunityCheck study “Future of HealthBio industries in Russia”, in order toanalyse previous experience, benchmark the latest projects and activitiesand evaluate future development trends in the Russian market.Identification of future cooperation opportunities together with industrydevelopment forecasting through analysis of current trends, weredetermined as the main objectives for the project.