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Monday 16.07.2018 | Name days: Hermīne, Estere

Kalvins: pharmaceutical companies do not want to cooperate

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Director of the Organic Synthesis Institute, professor Ivars Kalvins

In order to create a billion of lats worth medicinal product in the Latvian pharmaceutical sector, a cooperation between the enterprises and political commitment is necessary, pointed out the Director of the Organic Synthesis Institute, professor Ivars Kalvins (Ivars Kalviņš) in an interview for the business portal Nozare.lv .

Kalvins holds the opinion that the possibility to use the Institute-created innovative medicines depends on the «entrepreneurs’ ability to overcome the «dog in the manger syndrome» – sitting in the manger, without eating or sharing with others». The professor maintains that, within the pharmaceutical industry, successful products on a global scale can be created only by the cooperation between the companies.

«What I have been trying to explain to the Latvian entrepreneurs is that the benefit, obtained by the collaboration, is far more greater than the loss from failing to do it,» stresses Kalvins.

The scientist also considers that the pharmaceutical industry in Latvia could successfully develop, yet, the state’s support is also necessary. «It is not enough with the initiative of the business persons, because the Latvian enterprises are too small – they do not have the necessary resources to develop major products, besides, at the present moment, the Latvian public sector also has no chances of attracting the resources from outside, due to the simple reason that we have already borrowed enough,» explains Kalvins.

He points out that, by hesitating to cooperate, the companies lose the possibility of launching the products in the market as soon as possible, which means that revenues at the extent of millions of lats are not generated.

«For instance, the well- known Mildronate®. The medicinal product’s annual turnover is about 100 million dollars, which is approximately ten million per month. By pending the introduction of the product by a month, the loss is «only» a little less than ten million. Delay of a year would create 100 million loss; which is not much,» Kalvins indicated ironically, emphasizing that «If the entrepreneurs have a product, they should work on it, and not just rejoice that a patent has been obtained».


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