Rafarma Pharmaceuticals, Inc. (RAFA) is a Solid Ship on a Rising Sea
One investment rule of thumb is to look for a solid ship on a rising sea. In this case, the rising sea is the Russian pharmaceutical industry, driven by a need that is clearly recognized by the Russian government. The government is actively encouraging the growth of the domestic pharmaceutical industry, with specific support for selected companies to foster the growing production of both basic and innovative drugs, all in a move to reduce the country’s dependence on foreign medicines. The efforts of the government, together with a clear market need, have pushed the overall Russian pharmaceutical industry to record…