Business news

18 Mar 2021

Great Stone’s new resident company launches project in Chinese medicine

An archive photo

MINSK, 18 March (BelTA) - The Chinese-Belarusian industrial park Great Stone welcomed a new resident company - Novoera Biotech with a project in the field of traditional Chinese medicine, BelTA has learned.

The company has been established with the participation of the Jintai Institute of Culture and Economics, Beijing Hospital of Traditional Chinese Medicine and one of Beijing-based pharmaceutical technology companies

At the first stage the company plans to produce coronavirus medicines to be later be exported to Ukraine, Russia, Azerbaijan, Turkey, India and other countries. It is expected that the production of medicines will begin in 2021.

Plans are in place to set up an Eurasian center for traditional Chinese medicine for cultural exchange, diagnostics and treatment. It will provide medical services to personnel of the Great Stone resident companies. The center will develop cooperation with research institutions, healthcare institutions of Belarus and neighboring countries to share experience in traditional Chinese medicine.

"Our new resident will implement an investment project in traditional Chinese medicine. Medicines and additives to be produced here will be made if environmentally friendly organic materials. They will used to treat not only coronavirus but also colds, flu, and asthma. Such projects and programs that focus on health are extremely relevant today, especially now, during the period of coronavirus infection," said Aleksandr Yaroshenko, Head of the Administration of the China-Belarus Industrial Park Great Stone.

According to him, such products have very good export prospects. "The markets of the Eurasian economic space, especially Russia and also Ukraine, Azerbaijan, Turkey, even India are on radar of our partners. I think these products will also be in demand in our country too," he said.

In the future, the company plans to use the therapeutic natural resources of Belarus. "Plans are in place to use environmentally friendly herbs grown in Belarus," the head of the industrial park added.

"The arrival of a new resident is always a happy event as this means investment in our economy. Today we have opened doors to traditional Chinese medicine, which we have already learned many things about. Medicine, which is based on the traditions, plants is always welcome. Of course, there will be a set of registration procedures, validation, and so on. But since China is known for its high-quality traditional medical products, goods, biologically active additives, I think these procedures will not take long. Of course, we will facilitate in every way and speed up these processes," Deputy Healthcare Minister Boris Androsyuk said.