News
11 Aug 2011
Russian Pharmaceutical Firms Collaborate for Innovative Treatments
The project will focus on developing treatments across three technological platforms.
Russian pharmaceutical companies have collaborated to establish a joint venture with the aim of developing innovative treatments.
The SynBio project, started by Russia's largest biotechnology firm Human Stem Cells Institute (HSCI), also comprises the government-owned investment company Rusnano as well as Russian pharmaceutical firms Cryonix and Pharmsynthez.
HSCI will hold a 28.1% stake in the venture, whereas Rusnano will retain a 41.4% holding. The total four-year budget of the project stands at approximately $113m.
SynBio will focus on developing treatments across three technological platforms, including cell-based tec
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