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Sun Pharma to set up Rs 400 million research centre in Madras

Sun Pharmaceutical Industries Limited, the Bombay-based speciality pharmaceuticals company, has announced plans to establish a campus earmarked entirely for new drug research in Madras with an initial investment of Rs 400 million.

The centre's thrust would be in three therapy areas where it expects to develop research leads for therapeutic alternatives.

The company already has two research facilities in Baroda and Bombay.

The company expects to put in place a scientific advisory board shortly and initiate projects with educational institutions such as the Indian Institute of Technology and the Indian Institute of Science.

The Madras campus, three kilometres away from the airport, located beside the Adyar River, will offer an atmosphere for world-class pharmaceutical research in tranquil, university-like surroundings.

The company expects to staff the lush, tree-lined 30-acre site with a 150 strong team of scientists, which it expects to recruit from centres of excellence in industry and academic institutions in India and abroad.

The campus, to be operational by July 2000, will have state-of-the-art equipment, a world class library and 24-hour Internet access.

UNI

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