Hotline: 1800 102 2007
Hotline: 1800 102 2007
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 firm Wockhardt sets up first manufacturing facility in Middle East

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.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    ·         We are providing street food Panipuri autom..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Clinics & Nursing Homes
    Connecting Specialists in Big Cities to Patients in Small Towns via..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2020
    Investment size Rs. 50000 - 2lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater pune Maharashtra
  • Facility Management
           GermCop provides Long Term Anti-Microbial Protection against 99.9%..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • About Us: Tinkerbell Child Duniya is successfully operating 4 outlets and..
    Locations looking for expansion Gujarat
    Establishment year 2000
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities