Biotech, Pharma boom in Hyderabad
The biotech industry, which has been anchored firmly by the Genome Valley project, has already been a major earner of foreign exchange (Rs 4,914 crore from pharmaceuticals, biotech, chemicals and allied chemicals) for the State. The number of biotech companies in Genome Valley now stands at 50. With the ongoing expansion of the third phase of Genome Valley, another 10 companies will be added. They include major names such as Biocon.
The presence of reputed research institutions like the Indian Institute of Chemical Technology (IICT), Centre for Cellular and Molecular Biology (CCMB), National Institute of Nutrition (NIN) and Centre for DNA Fingerprinting and Diagnosis (CDFD) and University of Hyderabad are also adding up to the industry’s fascination with Hyderabad.
In addition to this, about 20 major corporate hospitals, well equipped for clinical trials of international standards and varied patient pool would also come handy for biotech and pharma industry growth as they grow in size and global operations.
Full article here.
The Genome Valley Bio cluster comprises the following
Shapoorji Pallonji Biotech Park
ICICI Knowledge Park
Bharat Biotech Park
Godrej Plant Biotech Ltd
Biological E Ltd
Nuziveedu Seed Co. Ltd
GVK Biosciences Private Ltd
Satyam Forest Research Centre
Haritha Biotech and Plantations
AG Biotech Laboratories (India) Ltd
Mediclone Biotech Private Ltd