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Prices on Medicines will fall at least by 30%

In the upcoming period the prices on medicines are expected to fall at least by 30%.

David Saganelidze the executive director of the Partnership Fund noted that as soon as the pharmaceutical factory sets in motion, this fact will have a significant effect on the price of the medicines, which is expected to cause remarkable fall in prices.

According to Partnership Fund, the pharmaceutical manufacturing factory will be equipped with the latest technology, modern quality control laboratory and other necessary infrastructure.

The factory will produce at least 800 types of medicines, as for local use for export purposes as well.

Inevitably some amount of pharmaceuticals will be imported from abroad, however, at reasonable prices. The labor force will count 300 employees, which includes both local and foreign specialists. The total cost of the project comprises 130 million US dollars.