Shilpa Biologics, Mylab ink pact to enter vaccine, therapeutics segment

"We have deep expertise in R&D driven manufacturing of complex vaccines and biologicals at a scale that can serve the world. Our partnership with Mylab will help us unlock significant value in the newer market segments of preventive healthcare. Together, we aim to create products that can serve global markets and establish market leadership", said Vinay Konaje, Managing Director of Shilpa Biologicals.

Shilpa Biologicals will utilise its integrated R&D cum manufacturing facility in Dharwad, spanning over 11 acres, to cater to these requirements. This collaboration will also be developing novel technologies that can enable production of safe, efficacious and cost effective vaccines and therapeutics. The first vaccine project under this long-term partnership is currently under final evaluation phase and the manufacturing is expected to start by March'2022.

Mr. Hasmukh Rawal, Managing Director of Mylab Discovery Solutions, said "Our vision is to develop a complete ecosystem around health of a patient. We want to ensure that from a provider to a patient - all should get a fair value in the system. For this to happen, the current models of care have to change and it is only possible to do with an integrated approach — from testing to treatment."

"At Mylab, we are driven by the strong conviction that our technology would bring significant and affordable benefits to human health. Our aim is to provide life-saving solutions for people worldwide." he added.