JSC “Grindeks” is opening new representative office in Uzbekistan


JSC “Grindeks”  is expanding its activities in the former soviet republics      
members of Commonwealth of Independent States by opening new representative     
office in Uzbekistan. The new representative office will have been cooperating  
with medicines administrating state authorities, Uzbekistan's companies engaged 
in pharmaceutical and medicinal products wholesale and retail business, as well 
as providing drug registration processes and medicaments marketing.             

Jānis Romanovskis, Chairman of the Management Board of JSC “Grindeks”, points   
out: „Former soviet republics members of CIS are, strategically, the most       
important markets for final dosage forms of medicines manufactured by           
“Grindeks”, where the demand for our products, especially for Mildronate®, is   
increasing every year. Uzbekistan is a perspective developing market, and our   
new representative office will facilitate to make the most of its resources.”   

In 2007, export volume to Uzbekistan exceeded half a million LVL. Currently, 10
of our products are registered in Uzbekistan. 

The Head of Representative Office is Mastura Kutmatova, and there are totally   
three employees in the Representative Office.                                   

Overview of “Grindeks”                                                          

JSC “Grindeks” is the leading pharmaceutical company in the Baltic States. Its  
main fields of action are: research, development and manufacturing of brand     
products, generics and active pharmaceutical ingredients. “Grindeks” specializes
in the heart and cardiovascular, CNS and anti-cancer medication therapeutic     
groups.                                                                         

A range of Grindeks's products covers a successful combination of original      
products and generics, with the original products Mildronate® and Ftorafur® and 
more than 100 forms of effective and safe generics included therein.            

“Grindeks” concern consists of four subsidiary companies in Latvia, Estonia and 
Russia, as well representatives and representative offices in fourteen          
countries. Products of the company are exported to more than 40 countries and   
its export comprises more than 92% of the total turnover. The main markets are: 
the Baltic States, Russia and CIS countries, Japan, USA. “Grindeks” shares are  
listed in the Official List of “Riga Stock Exchange”.                           

You are kindly invited to www.grindeks.lv to get to know more about our company!

Laila Kļaviņa                                                                   
JSC „Grindeks”                                                                  
Head of Communications Departament                                              
Phones: (+371)                                                                  
67083370, (+371) 29256012                                                       
E-mail: laila_klavina@grindeks.lv                                               
www.grindeks.lv