Bliss GVS Pharma receives Russian GMP certificate for Maharashtra-based manufacturing unit

The Company's MD said, "We intend to launch products in Gynaecology, Urology and Anti-Haemorrhoidal segments across these markets."

Aug 03, 2021 03:08 IST India Infoline News Service

Bliss GVS Pharma has received the Russian GMP Certificate for the manufacturing unit situated at Plot no. 11, Survey no. 38/1, Dewan Udyog Nagar, Aliyali Village, Tai. Dist-Palghar, 401404 from Ministry of Industry & Trade of the Russian Federation on the compliance of the manufacturer (foreign manufacturer) of medicinal products for medical use with the requirements of the Rules of Good Manufacturing Practice.

Gagan Harsh Sharma, Managing Director, Bliss GVS Pharma said, "With a population of 145 million, Russia is world's 14th largest pharmaceutical market in terms of volume, with a pre-pandemic annual growth rate of about 8%. At the same time, more than 70% of medicines in the retail market are imported which makes Russia an attractive pharmaceutical export market. Russia being a key member of Eurasian Economic Union, this GMP approval opens the access for Bliss GVS to Russian Pharmaceutical market along with other member CIS countries."

Sharma added,  "We intend to launch products in Gynaecology, Urology and Anti-Haemorrhoidal segments across these markets."

On Sensex, Bliss GVS closed at Rs123 per piece down by 3%. 

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