0710 GMT February 25, 2020
Since last year, negotiations have been underway with the Russian Ministry of Health for trade in medicine, he said, adding that a meeting was also held in Moscow last week in this regard, IRNA reported.
The meeting was held on November 20, attended by deputy health ministers of Iran and Russia in line with the goal of cooperation and within the framework of a daylong seminar on the rules and procedures of registration of medicines and medical equipment in Russia.
There has been cooperation between the two countries for nearly five years in the field of medicine and medical equipment, he said, adding that Russia has a huge $20-billion drug market and Iran plans to expand cooperation with the neighboring country.
If companies reach an agreement on technology transfer, the production line could also be moved to the target country, for example, an Iranian pharmaceutical raw material production line started in Saint Petersburg three years ago, he noted.
The official said that entering the Eurasian health market can become beneficial for the country as Iran’s quality of medicine and medical equipment will prove to be high in the region, adding that the country’s needs for pharmaceutical raw materials can also be met by attending these markets.
For the time being, Iran is cooperating with Iraq, Lebanon and Tunisia in the health sector, he concluded.