Bharat Biotech prepares master plan for Konark Knowledge park

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Category: Bio Pharmaceuticals

Bharat Biotech International Ltd, a Hyderabad based company is joining hands with state government of Orissa to develop the Konark Knowledge park in Andharua in the outskirts of city Bhubansehwar. The park will have a biotech incubation centre spread over 10 acres and will have Rs.250 million from Centre towards incubation and is likely to emerge as centre of excellence. Currently, Bharat Biotech is preparing the master plan, while IDCOL will set up the infrastructure needed for the park like roads, water supply and electricity.

Zydus to set up new unit in Ahmedabad

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Category: Bio Pharmaceuticals

Zydus is setting up a new unit in its special economic zone (SEZ) near Ahmedabad with an investment of Rs.1000 million. It will manufacture of transdermal patches and various injectables.  Few years back, the company had launched country’s first indigenously-manufactured diclofenac transdermal patch for pain relief and it is increasingly accepted in US. NuPatch contains 100 mg of diclofenac, a painkiller. Instead of the thrice-a-day dosage as in the case of the oral dosage form, NuPatch needs to be applied just once in a day and provides extended pain relief. The overseas market for transdermal patches is estimated at USD 5 billion as compared to the Indian market ,which is pegged at around Rs 1000 million.

Lonza Group to set up a bio pharma unit at Genome Valley

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Category: Bio Pharmaceuticals

Lonza Group, a Basel-based bio-pharmaceutical major is planning to set up its facility in the Genome Valley (Bio SEZ) in Hyderabad with an investment of USD $150 million.