Nicosia, Cyprus, Dec. 01, 2020 (GLOBE NEWSWIRE) — Rafarma Pharmaceuticals, Inc. OTC:(RAFA) has signed a Joint Venture Agreement with Vaccines Lab SDN BHD of Malaysia.
Under the terms of the agreement, Rafarma and Vaccines Lab with creating 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 Inc.
Rafarma plans to continue to aggressively pursue vaccine development with joint venture partners worldwide.
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