Laurus Labs announced the inauguration of its state-of-the-art new R&D centre at IKP Knowledge Park, Plot No DS15, Kolthur Shamirpet, Medchal, Telangana. The facility was inaugurated by Duddilla Sridhar Babu, Minister of Information Technology, Electronics & Communications, Industries & Commerce and Legislative Affairs – Government of Telangana along with Dr.Satyanarayana Chava, Founder & CEO Laurus Labs along with other members of the senior management team.
The cutting-edge facility is designed to foster innovation & advance the company’s mission developing ‘Chemistry for Better Living’. Dr. Chava said “This will be our 5th R&D centre and is a testimonial to our commitment to innovation and excellence. We believe that this facility will enable us to develop ground breaking solutions that will address unmet medical needs”. Key highlights
The total investment incurred for setting up the new R&D facility was Rs 250 Cr. The 2,00,000 Square foot facility is equipped with modern infrastructure and will support the CDMO business unit. Laurus labs said that the lab would provide job opportunities to over 800 people