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  • Gland Pharma to infuse...

Gland Pharma to infuse Rs 400 crore to expand Genome Valley facility

Ruchika SharmaWritten by Ruchika Sharma Published On 2023-02-21T11:35:13+05:30  |  Updated On 21 Feb 2023 11:36 AM IST
Gland Pharma to infuse Rs 400 crore to expand Genome Valley facility
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Rama Rao said,"I am delighted that Gland Pharma will be investing Rs 400 crores in expanding their footprint in Hyderabad and will create 500 more jobs in Telangana."

New Delhi: Gland Pharma has announced that it would be investing Rs 400 crore to create additional capabilities in its existing facility at Genome Valley here to manufacture biologicals, biosimilar, antibodies and recombinant Insulin.

An official release from the state government said the expanded facility will have employment generation potential of more than 500 numbers of qualified, skilled and semi-skilled workforce to be recruited, mostly from the nearby places.
The company had established their biopharmaceutical facility in February last year at Genome Valley with an investment of Rs 300 crore to manufacture vaccines, biologicals, biosimilar, antibodies and others.
Read also: Indian pharma sector set for volume to value leadership journey in 2023
The expanded site is envisaged to meet the national and international regulations to be followed in the manufacturing of the biological products as applicable and shall be built under the GMP guidelines applicable for the respective product lines, it said.
The announcement was made after Telangana Industries Minister KT Rama Rao's meeting with the Managing Director and Chief Executive Officer of Gland Pharma Srinivas Sadu.
Read also: Gland Pharma to acquire 100 percent stake in Cenexi Group
Srinivas Sadu said, "We are delighted to collaborate with the Government of Telangana on its vision of making the State a hub for global pharmaceutical requirements, by expanding our Bio-CDMO facilities in Shamirpet. This project investment is estimated to be about Rs 400 crore and expected to generate employment to about 500 personnel."
Rama Rao said, "I am delighted that Gland Pharma will be investing Rs 400 crores in expanding their footprint in Hyderabad and will create 500 more jobs in Telangana."
Read also: USFDA issues zero observations for Gland Pharma Visakhapatnam API facility

Gland Pharma was established in Hyderabad, India, in 1978. The company is present in sterile injectables, oncology and ophthalmic segments, and focuses on complex injectables including NCE-1s, First-to-File products and 505(b)(2) filings. Its products are delivered via liquid vials, lyophilized vials, pre-filled syringes, ampoules, bags and drops.

gland pharmagland pharma newsinvestmentGenome Valley facility
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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