Mirax Group Corp. celebrated in September the completion of the first phase of the development of the Ninth Campus of the Pharmaceutical Faculty of the Moscow Medical Academy (MMA) at a reported cost of $58mln. The ceremony was dedicated to the 250th and 50th anniversaries, respectively, of the foundation of MMA and merging the faculty with the academy. The events started with the addresses by MMA Rector Mikhail Paltsev, Moscow Mayor Yuri Luzhkov and Mirax Group Board Chairman Sergei Polonsky. “We were able to find the best architectural and design solutions to realize the project in the best possible way,” Polonsky noted. “This center, fitted with the best engineering systems and innovative equipment, will create the most optimal conditions for the further development of pharmacology and other medical sciences in Russia.” The mayor was also impressed by the project, saying the development of a building of this nature was a top-priority task, which the city set out to solve in order to boost the development of medicine in Russia. “A task we have executed with excellence.”