Tuesday, Oct 15 2024 | Time 02:47 Hrs(IST)
image
Business Economy


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
More News
RIL net down 2 8 pc at Rs 19,323 crore in Q2; Revenue up 0 8 pc

RIL net down 2 8 pc at Rs 19,323 crore in Q2; Revenue up 0 8 pc

14 Oct 2024 | 8:44 PM

New Delhi, Oct 14 (UNI) India’s leading private conglomerate Reliance Industries today announced that its net profit fell by 2.8 percent during the second quarter or July-September period of current financial year at Rs 19,323 crore y-o-y basis compared to Rs 19,878 crore in the same period of last financial year.

see more..

14 Oct 2024 | 7:34 PM

UNI SKB AKS.

see more..

TOMCOM facilitates overseas job opportunities for bike riders in Dubai

14 Oct 2024 | 7:25 PM

Hyderabad, Oct 14 (UNI) Telangana Overseas Manpower Company Limited (TOMCOM), a registered recruitment agency under the Department of Labour, Employment Training and Factories, Government of Telangana, is working to facilitate overseas placements for skilled and semi-skilled workers from Telangana.

see more..

Odisha: RSP casting machine-3 sets fresh record of 380 heats

14 Oct 2024 | 6:46 PM

Bhubaneswar, Oct 14 (UNI) The Continuous Casting Machine-3 (CCM-3) of Steel Melting Shop-2 (SMS-2) department of Rourkela Steel Plant (RSP) has set a fresh record in casting the longest ever sequence of heats.
RSP sources said the unit registered an all time best casting of 380 heats during the record sequence. The total tonnage cast during this period was a notable 60,200 tons of Crude Steel.

see more..
India retail inflation jumps to 5 49 pc in September, exceeds RBI target

India retail inflation jumps to 5 49 pc in September, exceeds RBI target

14 Oct 2024 | 6:12 PM

New Delhi, Oct 14 (UNI) Driven primarily by high food prices, India's consumer price index (CPI)-based retail inflation surged to 5.49% year-on-year in September 2024 from 3.65% in the previous month.

see more..
image