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      Cadila to set up $2m centre in Colombo

      Posted Atmyiris.com

      Cadila Pharmaceuticals is setting up a bio-medical R&D centre in Colombo to produce life-saving vaccines, reports Economic Times.

      The project will focus on manufacturing vaccines for life-threatening diseases like HIV, hepatitis B, hepatitis C and other communicable diseases in Colombo, mainly to provide them at affordable costs, according to sources.

      The project, involving 200 scientists, will cost around $2m, of which Cadila has already invested one-third on training the staff, technology transfer from Europe and infrastructure development.

      It would be primarily export-oriented. Since the cost of manufacturing and exporting from Sri Lanka will be lesser, the cost of life-saving vaccines would be more affordable for countries like India.

      December 05, 2005


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