OREANDA-NEWS. October 4, 2011. The original preparation Mildronate® GX of "Grindeks" has received the prestigious award and nomination “The Cardiological Medication of the Year” in the awarding ceremony of the contest for pharmaceutical professionals “Panacea – 2011” in Ukraine. The Victory was ensured by high sales results in the Ukrainian market, as well as the effectiveness of the medication, proven in research and clinical practice.

In the competition “Panacea – 2011”, which takes place in Ukraine for 12 years in a row, were selected and awarded the best, most professional pharmaceutical players. With this contest organizers wish to thank the pharmacy networks, medication wholesalers, pharmaceutical companies, who make a major contribution to the Ukrainian pharmaceutical industry and health care development.

Chairman of the Board of "Grindeks" Janis Romanovskis: “We are proud that our new product Mildronate® GX is highly appreciated in the Ukrainian market. This is evidenced by the sales results, the feedback, received from leading cardiologists and patients, and, of course, the award and recognition as “The Cardiological Medication of the Year” in the prestigious competition “Panacea – 2011” in Ukraine.”

Ukraine, home to more than 45 million inhabitants, is one of the strategic markets of "Grindeks". Green registration process, medication marketing and promotion in Ukraine are provided by both the representative office of "Grindeks", and partners, establishing a solid collaboration with the major medication wholesalers. In 2010, the turnover of "Grindeks" in Ukraine amounted to 10.2 million lats (the Group’s total turnover last year was 65.1 million lats).

Head of the Marketing Department of "Grindeks" Linda Litina: “"Grindeks" has been working for many years in Ukraine and this market is very important to us, with great challenges, opportunities. The statistics are relentless – cardiovascular diseases is one of the main cause of death not only in Ukraine but throughout the world. Thus, one of the company’s missions is to offer patients new, modern cardiological medications, such as our new Mildronate® GX.”

Mildronate® is metabolic medication that is highly effective in the treatment of coronary heart disease, as it has a positive effect on the body's energetic metabolism, which restores oxygen supply and consumption process balance. The therapeutic effectiveness of Mildronate® is confirmed year after year by both clinical practice and clinical trials. In 2010, the results of an international clinical trial on the influence of Mildronate® on the treatment of angina once more approved the effectiveness and the high safety of Mildronate® in the treatment of angina in combination with the standard therapy. The trial was carried out in the cooperation with the experienced clinicists, scientific experts and international contract research organisations corresponding with the ICH/ GCP (Good Clinical Practice) and the EU legislation for the clinical trials of I – IV phases.

Mildronate® GX is a new, modern pharmaceutical form of Mildronate® – tablet, which is different from the well-known capsule form. In the Ukrainian market Mildronate® GX was introduced in September of 2010 and it is planned that soon the registration process will be launched in Latvia. Now in Latvia are available Mildronate® 250mg and 500mg capsules and injections 10% of 5 ml.

Through the years Mildronate® has been the most important original product of "Grindeks". However the company, expanding the range of medications and increasing sales of other medications in the last three years has reduced Mildronate® share in the turnover from 72% to 51%.