India, Aug. 20 -- Welcure Drugs & Pharmaceuticals Ltd on Wednesday announced plans to establish an agro-pharma research laboratory with an investment of Rs 70–80 crore for the development of botanical and ayurvedic products.
To fund the project and meet other business needs, the company aims to raise up to Rs 80 crore through a qualified institutional placement (QIP), in one or more tranches.
The new facility will be built in line with cGMP standards and the US FDA's Botanical Drug Development guidelines, enabling Welcure to expand into global markets for botanical and ayurvedic products, the company said.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....