Biocon And MEM To Build Biotech Facility Worth MYR500mn


News: Indian biotechnology firm Biocon has partnered with Manipal Education Malaysia to develop human capital for the biotechnology industry in Malaysia. Biocon is constructing a manufacturing and research and development facility in Iskandar Malaysia, Johor. The facility will be worth more than MYR500mn (US$163.2mn) and is scheduled to become operational by the end of 2014. It be constructed in two phases, Biocon chairman and managing director Kiran Mazumdar-Shaw said. The first phase will begin production by early 2015, while development for the second phase will start in 2015, with completion expected in 2020.

This article is tagged to:
Sector: Pharmaceuticals & Healthcare
Geography: India, Malaysia, India, Malaysia, Malaysia

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