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Russia's Pharmstandard Q3 sales rise 84 pct
October 25, 2012 / 6:45 AM / 5 years ago

Russia's Pharmstandard Q3 sales rise 84 pct

MOSCOW, Oct 25 (Reuters) - Pharmstandard, Russia’s top drugmaker, said on Thursday its third-quarter sales soared 84 percent, year-on-year, boosted by an early state tender for anti-cancer drugs.

Sales totalled 14.7 billion roubles ($469.32 million) compared to 8 billion roubles in the same period of 2011, the company said in a statement.

It said sales of Johnson & Johnson’s anti-cancer drug Velcade totalled 4.8 billion roubles, accounting for one third of total revenue, after the government shifted its tender to the third quarter from the fourth quarter.

As a result, total sales of third-party products soared 308 percent to stand at 8.1 billion roubles, while sales of the company’s own drugs were up 8.3 percent to 6.2 billion roubles.

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