Russian drugs market grows by 11%

The Russian drugs market has been valued at USD 2.3 billion in terms of the total retail price of medicines, which marks an 11% increase on last year's figure. As a Rosbalt correspondent reports, this was announced by Pharmexpert CEO Yuri Krestinsky yesterday at a press conference called Creation of a Russian association of pharmaceutical networks. However, according to Mr Krestinsky, the state now has slightly more money to spend on medicines thanks to more effective state budgeting. He stressed that 80% of medicines are now bought by ordinary customers in chemist shops while 20% are bought by hospitals and clinics.