Dr Reddy’s expands its R&D centre in Cambridge, UK
Posted: 12 April 2011 | | No comments yet
Dr. Reddy’s Laboratories has announced the opening of its newly expanded Chirotech Technology Centre…
Dr Hamied & Mr Prasad
Dr. Reddy’s Laboratories (NYSE: RDY) today announced the opening of its newly expanded Chirotech Technology Centre at Cambridge Science Park, UK where Chirotech has been based for the last 20 years.
Dr Hamied & Mr Prasad
The new 33,000 sq ft facility is purpose built for laboratories and offices and has been fitted to Dr. Reddy’s specific requirements for chemistry, biology and analytics.
The additional capacity will help facilitate an initial doubling of scientific staff in Chirotech while providing for further capacity additions in future. It will help strengthen core capabilities in biocatalysis and chemocatalysis, build capabilities in fast growing segments like Activated mPEGs and peptides, and allow development of other areas of expertise in chemistry and processing for use in the pharmaceutical industry. The new facility is part of the Custom Pharmaceutical Services (CPS) Business Unit of Dr. Reddy’s and will offer these expanded services to its customers worldwide.
Dr. Reddy’s was assisted in setting up the new facility by East of England Investor Development (EEID*), the regional body that supports overseas investors in the region, funded by the East of England Development Agency.
Commenting on the expansion, G V Prasad – Vice Chairman and CEO, Dr. Reddy’s said, “We are delighted to have secured this excellent facility at the Cambridge Science Park. Being located in this historic University City and in one of the leading European centres for Science and Innovation makes it the ideal location to expand and develop our research, development and technology capabilities. The facility will be a centre of excellence for chemistry and reinforces our commitment to building a leading edge research organization to meet the innovation needs of our customers.”
* EEID is an outsourced organization which delivers inward investment and development support on behalf of the East of England Development Agency (EEDA) and UK Trade & Investment.
