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Aurobindo Pharma plans to infuse around Rs 300 crore for biologics manufacturing facilities

Ruchika SharmaWritten by Ruchika Sharma Published On 2022-09-02T12:11:26+05:30  |  Updated On 2 Sept 2022 12:11 PM IST
Aurobindo Pharma plans to infuse around Rs 300 crore for biologics manufacturing facilities
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The board approved entering into contract manufacturing operations (CMO) for biologicals for effective utilisation of capacities.

New Delhi: Drugmaker, Aurobindo Pharma has recently announced that its wholly-owned subsidiary, CuraTeQ Biologics, plans to invest around Rs 300 crore on capacity expansion of biologics manufacturing facilities.

The board of directors of CuraTeQ Biologics Pvt Ltd, at its meeting held on Thursday, approved the expansion of its operations by establishing another mammalian cell culture manufacturing facility of higher capacity to cater to the future requirements, Aurobindo Pharma said in a regulatory filing.

"The capital expenditure for ramping up capacities is estimated to be around Rs 300 crore," the company said, adding that the facility is likely to be fully operational by FY26.

Further, the board also approved entering into contract manufacturing operations (CMO) for biologicals for effective utilisation of capacities.

Read also: Aurobindo Pharma arm bags USFDA okay for Triamcinolone Acetonide Injectable Suspension

This would augment the business prospects in this area as the global biologics contract manufacturing demand is growing at 8-10 per cent and CuraTeQ will actively seek customers in CMO area, the company added.

The company further said the board of its another wholly-owned subsidiary, Auro Vaccines Pvt Ltd, has also approved exploring possibilities to offer contract manufacturing service to global vaccine developers to effectively utilise its existing manufacturing capacity.

Auro Vaccines is engaged in the business of developing and manufacturing vaccines biologicals.

Read also: Aurobindo Pharma arm bags USFDA nod for Medroxyprogesterone Acetate Injectable Suspension

Aurobindo Pharma Limited is an integrated global pharmaceutical company headquartered in Hyderabad, India. The Company develops, manufactures, and commercializes a wide range of generic pharmaceuticals, branded specialty pharmaceuticals and active pharmaceutical ingredients globally in over 155 countries.

The company has 27 manufacturing and packaging facilities that are approved by leading regulatory agencies including USFDA, UK MHRA, EDQM, Japan PMDA, WHO, Health Canada, South Africa MCC, Brazil ANVISA.

Read also: Aurobindo Pharma on track to develop complex products, expand global footprint

aurobindo pharmaauribindo pharma newsCuraTeQ Biologicsinvestmentmammalian cell culture manufacturing facilityAuro Vaccines
Source : with inputs
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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