Tuesday, January 15, 2008

Venus Remedies Inaugurates 6th & Last Phase Of Its Rs 150 Crore Expansion Project

Venus Remedies has Inaugurated the sixth and last phase of its Rs 150 crore expansion project, its state of the art and hi-tech and elaborate research facility, 'Venus medicine research centre' at its Baddi campus on 14 January 2008.

This new R&D centre, which has been set up with an investment of approx. Rs 250 million, is spread over 40,000 sq. feet built up area in the Baddi campus of the company.

The centre has 7 dedicated pilot plants, built as per latest international standards for conducting trial production of injections in super specialty segments and eight fully equipped laboratories to cater for all kinds of testing in-house. This R&D centre will further strengthen the research capabilities of the company and help in building a stronger pipe line of solutions for diseases for which there is no treatment as on date.

The company made this announcement during the trading hours today, 15 January 2008.

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