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US-based StemCures to set up stem cell manufacturing lab in Hyderabad
Dr. Sairam Atluri, Founder, StemCures met with IT and Industries Minister KT Rama Rao in Boston, USA.
The announcement was made after Dr. Sairam Atluri, Founder, StemCures met with IT and Industries Minister KT Rama Rao in Boston, USA
Hyderabad: US-based StemCures has decided to establish a manufacturing lab in Telangana, focusing on stem cell therapy with the vision to create the largest stem cell manufacturing plant in India.
The facility will be set up with the investment potential of around US$ 54 million and employment potential for around 150 people in a couple of phases.
The announcement was made after Dr. Sairam Atluri, Founder, StemCures met with IT and Industries Minister KT Rama Rao in Boston, USA.
The objective of the proposed plant is to capitalize on the latest technology and expertise from the US to manufacture the highest quality and affordable stem cell products for treating various serious medical conditions.
Hyderabad is emerging as the knowledge capital of the world’s life sciences industry with over 1000 life sciences companies, including the top 10 pharma companies. The proposed investment reaffirms the city’s position as a pharma and life sciences hub.
Welcoming the investment, Minister KT Rama Rao said, "I am delighted to welcome StemCures to Hyderabad. Stem cell therapy is a promising new treatment for a variety of conditions, and I am confident that StemCures will provide high-quality care to patients in India. I look forward to working with the clinic to make stem cell therapy more accessible to patients in India.”
