Rafarma Pharmaceuticals has signed a Joint Venture Agreement with Vaccines Lab SDN BHD of Malaysia.
Under the terms of the agreement, Rafarma and Vaccines Lab with create a new jointly-operated vaccine facility in Indonesia to research, develop, conduct clinical trials and license for various in-demand vaccines to combat several viruses. The joint venture will combine the expertise of Vaccines Lab and RAFARMA with its PJSC Kraspharma (OJSC Krasfarma) and R. & D. Biocogency Laboratories.
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Rafarma plans to continue to aggressively pursue vaccine development with joint venture partners worldwide.