The total investment in setting up the new, 2 lakh sq ft R&D centre, equipped with modern laboratories and infrastructure, is Rs 250 crore
Laurus Labs formally opened a research and development (R&D) centre in Hyderabad’s Genome Valley that will support the contract development and manufacturing organisation (CDMO) business of the generic drugmaker.
The total investment in setting up the new, 2 lakh sq ft R&D centre, equipped with modern laboratories and infrastructure, is Rs 250 crore. The facility will provide job opportunities to over 800 people, the company said after Industries and IT Minister D Sridhar Babu inaugurated the centre, located in IKP Knowledge Park, in the presence of Laurus Labs founder and CEO Satyanarayana Chava and others.
The cutting-edge facility is designed to foster innovation and advance the company’s mission of developing ‘Chemistry for Better Living’.
Laurus Labs had recently announced a cutting-edge manufacturing facility in partnership with European company KrKa. The upcoming manufacturing facility and the new R&D facility together represent an investment of Rs 2,250 crore over the next four years and 2800 jobs will be created.