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COREX Logistics in Georgia: new perspectives and opportunities
By: COREX Logistics
The demand for research is growing. Therefore, so too is the search for new opportunities – suitable locations and environments to continue development.
One country, in particular, stands out as brimming with untapped potential as a future clinical trials hub - Georgia. With a reputation for charm, beauty, and warm hospitality, it's also ready, willing, and able to get on board with the Clinical Trials market, with the shortest approval times in Europe, an eager and educated civilian and medical population, low costs, and high standards.
Ideally situated at the intersection of Eastern Europe and Western Asia, Georgia is a country that's developing rapidly with one of Eastern Europe's fastest-growing economies. It shares good relationships with its neighbors - Russia, Azerbaijan, Armenia, and Turkey - and worldwide in general, coming 7th among 190 countries in the World Bank Ease of Doing Business ranking, 2020.
The healthcare system has also benefited. Georgians enjoy Universal Healthcare, and the majority of the country's 300-plus hospitals now boast state-of-the-
So not only is the overall national picture healthy, but Georgia is also primed for advancement, specifically in the field of international clinical trials. The ethnically diverse population is treatment-naï
In practical terms, having the shortest CTA approval times in Europe is a huge incentive – there's an average of 2 months from submission to study start. Costs are low, and there is no requirement for a license for the importation of investigational products, meaning no duties payable on the imported clinical trial materials.
Taking all of these facts into consideration, it couldn't be more apparent that there are exciting times and plenty of opportunities ahead in Georgia – opportunities that can have momentous benefit to the world of medicine and the wellbeing of people around the globe.
One company that has eagerly taken the next step into this ripe and ready market is COREX Logistics which has recently appointed a new Country Head in addition to their existing warehouse presence in Tbilisi.
Nana Pekhmashvili aims to put her extensive expertise, particularly in Regulatory Affairs Management, to good use in order to 'achieve the impossible', as she puts it. "I believe with the COREX team, we can do so much," she says.
Media Contact: oksana.rumyantseva@