Strides arm commences construction of $ 60-mn Malaysia plant

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Press Trust of India New Delhi
Last Updated : Dec 03 2014 | 6:41 PM IST
Stelis Biopharma, a wholly-owned arm of Strides Arcolab, has commenced construction of its Rs 370 crore (USD 60 million) biologics facility at Malaysia.
Stelis has entered into a build and lease agreement with Bio-XCell for the construction of 140,000 sq foot facility at Johor, Malaysia which is expected to be completed in next 24 months, Strides Arcolab said in a statement.
The facility will incorporate next-gen single-use bio-processing technology with both mammalian and microbial manufacturing suites, it added.
Stelis Biopharma CEO Joe Thomas said: "With its strong commitment to bio-economy, attractive incentives, quality infrastructure and enabling ecosystem, we are confident of making this our bio-manufacturing hub for regional and global markets".
The facility will employ 180 people in R&D and manufacturing.

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First Published: Dec 03 2014 | 6:41 PM IST

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