Tuesday, 02 January 2024 12:17 GMT

Uzbekistan Introduces New Incentives For Domestic Pharmaceutical Industry


(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, May 29. Uzbekistan will introduce new financial incentives for domestic pharmaceutical manufacturers starting June 1, Trend reports via country's legal information portal.

The state-backed Trade Promotion Fund will reimburse pharmaceutical companies for up to 50% of expenses related to foreign consulting services and international certification procedures. The support applies to compliance with EU GMP, U.S. FDA GMP, and WHO prequalification standards, with compensation capped at $50,000 per company.

Authorities are also expanding support for innovative medicines and medical devices developed by local research institutes and universities that have not previously been produced in Uzbekistan.

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