Expert RA upgraded PROMOMED DM's credit rating to ruA
01.04.2025
01.04.2025
At the business breakfast of RBC, which was held as part of the VII financial forum "Just Capital", Alexander Efremov, CEO of PROMOMED, shared the Company's development prospects and also spoke about the growth potential of the market of drugs in the field of Endocrinology and Oncology.
Alexander Efremov emphasized that pharmaceuticals is a long—term investment industry. Developing new drugs and bringing them to market is a process that takes from 5 to 7 years and requires significant resources at all stages, from the idea to the finished product. PROMOMED adheres to a long-term strategy with a focus on intensive and effective innovative developments in the most promising therapeutic areas. This approach is the basis for the Company's outstripping growth, as investments made several years ago are already showing results in the form of new innovative drug launches and the Group's growing financial performance.
The successful initial public offering in 2024 was an important step in the continuation of this strategy. It allowed us to significantly increase the pace of development and launch of new drugs on the market due to the funds raised. So, in 2024, Velgia® was launched ahead of schedule, and in 2025, ahead of schedule, the Company launched Tirzetta®, the first Russian tirzepatide to combat obesity and diabetes.
The company sees huge growth potential in such therapeutic areas as Oncology and Endocrinology. According to estimates by the National Research Medical Center of Radiology[1], in 2024 the cost of cancer treatment amounted to more than 300 billion rubles, and, according to forecasts, by 2030 the cost of drug oncotherapy will exceed 500 billion rubles. According to the Ministry of Health, the total number of overweight and obese patients in Russia is at least 40 million, but in 2024, only 1 million such patients received the necessary medical care. These numbers clearly illustrate the potential for the expansion of qualitatively new therapeutic care using innovative drugs.
Alexander Yefremov, General Director of PJSC PROMOMED:
"The pharmaceutical market represents a limitless ocean of opportunities, and we are proud to be a leader in its most promising areas. We are convinced that openness, transparency and constant dialogue with our partners and investors play a crucial role in realizing these opportunities."
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