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Companies » News » News
BS Reporter  |  New Delhi/ Chennai  February 6, 2009 Last Updated at 00:32 IST

Apollo ties up with Quintals for research

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Read more on:    Bs Reporter | a pharmaceutical services company | Apollo ties up with Quintals for research | Apollo Hospitals Enterprise Ltd (AHEL) tied up with US-based Quintiles | to set up a phase I clinical trial research facility in Hyderabad
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Apollo Hospitals Enterprise Ltd (AHEL) tied up with US-based Quintiles, a pharmaceutical services company, to set up a phase I clinical trial research facility in Hyderabad.

Both the joint venture partners are expected to invest around $6 million, through a separate company, which will be formed for this purpose.

Apollo Hospitals Enterprise Ltd and Quintiles Mauritius Holdings Inc, have entered into a shareholders agreement in this regard on January 27, 2009 at Hyderabad.

Quintiles and AHEL will be funding the project cost in the ratio of 60-40 respectively through a combination of debt and/or equity.

Read more on:   
Bs Reporter
|
a pharmaceutical services company
|
Apollo ties up with Quintals for research
|
Apollo Hospitals Enterprise Ltd (AHEL) tied up with US-based Quintiles
|
to set up a phase I clinical trial research facility in Hyderabad

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Hiranandani in race for Bangladesh's first LNG terminal

Bangladesh government has shortlisted bidders for a 5-mt LNG terminal at Moheshkhali island in the Bay of Bengal

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