US firms set eyes on city?s Biotech Park | india | Hindustan Times
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US firms set eyes on city?s Biotech Park

THREE US firms will soon hog space in city?s Bio Business Centre, making it a hub of intense activity. The firms are ready to outsource their contract research work to national-level research organisations within and outside the city.

india Updated: Apr 15, 2006 00:22 IST

THREE US firms will soon hog space in city’s Bio Business Centre, making it a hub of intense activity. The firms are ready to outsource their contract research work to national-level research organisations within and outside the city.

Clintec Research Association, Odyssey Research and Biotechnology Consortium have evinced interest in starting their Indian operations from the park. The Clintec Research Organisation has decided to book an office space at the Bio Business Centre. The others would be taking up office  space at the park in due course”, Dr P K Seth, CEO, Biotech Park on his arrival from Chicago on Friday told HT Live.

He said a delegation of the Clintec Research Organisation would be arriving in the city on April 16 to visit the Biotech Park after the decision to set up an office at the Bio Business Centre at the Park.

The basic objective of all the three foreign research firms is to focus on outsourcing their Research & Development (R&D) work in the area of clinical research, natural products and neutraceuticals to Indian Toxicological Research Institute (ITRC), Central Drug Research Institute (CDRI), the National  Botanical Research Institute (NBRI) and the Centre Institute for Medicinal and Aromatics Plants (CIMAP) in Lucknow, he said. The US firms were already aware of the scientific pool of talent available in the four national-level research institutions in the city and would initially start utilizing the infrastructure of these institutions for offering contract research work before they develop their own facilities at the Biotech Park, Lucknow,  Seth said.

The Biotech Park had promised to offer additional space for expansion of  R&D  facilities to foreign institutions once a sufficient number of them set up research facilities in the city.