Pfizer Inc. Partners with ChemRar of Russia

Pfizer Inc. said today that the company plans to work with a Russian Venture Capital Company to do detailed research and set up a market for new drugs in Russia and the neighboring countries.

Pfizer Inc. a New York drugmaker said that with the help of ChemRar High Tech Center it would find out, develop and market new drugs and vaccines curing heart problems, metabolic illnesses, cancer and other infectious diseases.

Pfizer and ChemRar said that both the companies signed a memorandum of understanding without disclosing any financial terms. The partnership between the two companies aims at getting its technology transfered and licensing deals for drugs in Pfizer’s pipeline of developing drugs.

The companies could form other collaborations and there was no such boundation in the agreement.

The agreement with ChemRar  was  Pfizer’s second biggest collaboration with a Russian company this year. In March, it announced an agreement under which Russian biotech drugmaker Petrovax Pharm would be making a pneumococcal vaccine in the Moscow region.

Shares of Pfizer still remained unchanged at the afternoon trading at $20.55.


The assembled information distributed by is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. does expect that investors will buy and sell securities based on information assembled and presented herein. will not be responsible in any way for or accept any liability for any losses arising from an investor’s reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.

Our Research Report on is now available. Don´t Trade until you Read our FREE FULL REPORT. Click Here