Multinational pharma company JLabs will explore the possibility of setting up its unit in Hyderabad.
This was disclosed by Melinda Richter, Head of JLabs, to K T Rama Rao, Minister of IT & Industries, at a meeting held in the US, according to a release issued here on Friday.
Rama Rao, who is on a business visit to the US, had met top executives of global pharma companies.
Merck has also expressed interest in setting up manufacturing base in Telangana in collaboration with local partners. “Merck has also expressed interest in setting up vaccine centre of excellence in Telangana capital which will also be used for imparting skills, providing training based on the specific requirement of the companies.’’
Nanette Cocero, President for Emerging Markets for Innovative Health business, Pfizer, and Jeffery T Hamilton, Senior Director, Pfizer, during their discussions with the Minister explained about Pfizer’s ECHO project in the area of breast cancer screening.
The minister also signed an MoU with IV2 Alliance, a non-profit corporation and one that works in tandem with the US Food and Drug Administration (USFDA) to promote collaboration within the scientific, research and provider communities to achieve advances in the field of healthcare and wellness.
“The USFDA in a written communication stated that the Pharma City near Hyderabad can be the first of the international clusters it seeks to link scientific and medical advances from across the globe for better healthcare,’’ the release added.