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Jul, 30 2018

Drug firm Wockhardt sets up first manufacturing facility in Middle East

The five novel antibiotic drugs are in advanced stage of global clinical development, the company said.

Drug Company Wockhardt has built its maiden facility in the Middle East in Dubai for the manufacture of new chemical entities (NCEs) to supply to the global markets. Spread over 10,000 sq meters, the facility is self-sufficient for handling warehousing, manufacturing operations, product testing and product stability, Wockhardt said in a statement.

"With the new facility in the Middle East, we aim to focus on our commitment to developing NCEs to fight the health issues," Wockhardt Founder Chairman Habil Khorakiwala said.

Wockhardt is poised for a quantum leap into the future, he added.

"With Wockhardt's commitment to research and development, we have 5 breakthrough NCEs that have been accorded Qualified Infectious Disease Product (QIDP) status by USFDA," Khorakiwala said.

The five novel antibiotic drugs are in advanced stage of global clinical development, the company said.

"Wockhardt has dedicated significant resources for the discovery and development of novel antibiotics," Wockhardt MD Murtaza Khorakiwala said.

Shares of Wockhardt were today trading at Rs 594.50 per scrip on BSE, up 2.74 per cent from the previous close.

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