Wednesday, May 31 2023 | Time 03:08 Hrs(IST)
image
Business EconomyPosted at: Oct 18 2022 10:22PM


Yapan bio opens its new Process Development Facility in Hyderabad

Hyderabad/Mumbai, Oct 18 (UNI) Piramal Pharma Limited (PPL) on Tuesday announced that Yapan Bio has expanded its capabilities with a new process development facility at Genome Valley in Hyderabad.
The New facility is part of an $ 8 M USD expansion plan for Yapan bio; represents the first major expansion since the initial investment from Piramal in December 2021.
The new facility was inaugurated by Telangana Minister for Industries,Mr. K.T. Rama Rao (KTR ) in presence of Piramal Pharma Chairperson Ms. Nandini Piramal, Piramal Enterprises Group Director ( Strategic Business) Mr. Harinder S. Sikka, Yapan Bio Founders Atin Tomar & Nirav Desai , Telangana Principal Secretary (IT & Industries) Mr. Jayesh Ranjan and Telangana Director (Life Sciences) Mr. Shakthi Nagappan.
PPL holds a strategic minority stake in Yapan and markets its services through Piramal Pharma Solutions (PPS), an industry-leading, patient-centric Contract Development and Manufacturing Organization (CDMO) serving the global pharmaceutical and biotech market.
With this expansion, Yapan has enhanced its ability to support end-to-end development and manufacturing of RNA, DNA and gene therapy products starting from plasmids.
The expansion includes three upstream suites (including Bio-Safety Level-2 containment), a downstream process development lab, an analytical development lab, and supporting infrastructure.
The new labs will allow Yapan to optimize the utilization of the GMP facility to support manufacturing of clinical trial material for the clients.
Speaking on the occasion Mr. KTR stated, “It is heartening to see that Yapan Bio and Piramal Pharma have been continuously expanding from Genome Valley. This is testament to the strength of the biotechnology industry of Telangana. The state of Telangana has been working with the industry to see how to best match our policies and incentives to their constantly evolving needs. We will continue to be a partner for growth and ensure that companies like Yapan Bio continue to grow from the cluster.”
Ms. Nandini Piramal, commented, “This new facility, which is part of our 8 million USD expansion plan for Yapan Bio, represents the first major step in the Piramal/Yapan partnership since our initial investment back in December 2021. It’s evidence of our commitment to Yapan and the large molecule CDMO business, as well as our commitment to patients. With this investment, the Yapan team can conduct a larger number of projects than before, resulting in the development and delivery of more novel products for clinical evaluation and ultimately, better, and faster treatments for patients.”
UNI KNR SHK2221
Please log in to get detailed story.
Tags: #Yapan bio opens its new Process Development Facility in Hyderabad
More News

Indian Metals & Ferro Alloys profit drops 55 pc in Q4

30 May 2023 | 9:11 PM

New Delhi, May 30 (UNI) Indian Metals & Ferro Alloys Ltd (IMFA) on Tuesday reported 55% year-on-year decline in standalone net profit to Rs 63.65 crore for January-March quarter (Q4) of financial year 2022-23.

see more..

Adani Ports profit up 3 pc in Q4 at Rs 1,141 crore

30 May 2023 | 8:52 PM

New Delhi, May 30 (UNI) Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported 2.63% year-on-year increase in its consolidated net profit at Rs 1,140.97 crore for January-March quarter of financial year 2022-23.

see more..

GOCL consolidated revenue jumps 126 pc to Rs 1410 cr in Q4FY23

30 May 2023 | 7:59 PM

Hyderabad, May 30 (UNI) GOCL Corporation Limited, a Hinduja Group Company, on Tuesday reported an impressive performance by jumping 126 percent in consolidated revenue to Rs 1410 crore for the year ended March 31,2023 as against Rs 623 crores last year.

see more..

Nettlinx Q4FY23 net up 55 pc to Rs 0 59 cr

30 May 2023 | 7:58 PM

Hyderabad, May 30 (UNI) Hyderabad based Internet services provider Nettlinx Limited , on Tuesday announced a 55 percent increase in net profit to Rs Rs.0.59 crore for the fourth quarter ended March 31,2023 against Rs. 0.38 crore in the corresponding period in FY 22.

see more..

TSML signs MoU with METRON

30 May 2023 | 7:57 PM

Bhubaneswar, May 30 (UNI) Tata Steel Mining Limited (TSML) on Tuesday signed a Memorandum of Understanding (MoU) with French Cleantech company METRON, a leading provider of cloud-based energy management solutions. to design and implement an advanced energy management and optimization platform for the company’s Ferro Alloys Plant at Athagarh in Cuttack.

see more..
image