Avesthagen, DuBiotech enter into JV

Avesthagen, a knowledge-based Life Sciences Company and TECOM Investments FZ LLC, acting through Dubai Biotechnology and Research Park (DuBiotech), signed an agreement to market and launch new products.

Knowledge from traditional Indian medicine and state-of-the-art genomic research and a diverse array of technologies would be integrated in a focused manner to bring innovative solutions to predictive, preventive and personalised healthcare to mankind, a press release here today said.

The first project to be undertaken would include the launch and commercialisation of BioPercept, an eco-friendly and biodegradable plastic, in the Gulf Cooperation Council (GCC) region and also establish a conversion plant to process BioPercept in the next two years. The agreement was signed by Avesthagen Limited Chairperson and Managing Director Villoo Morawala-Patell and DuBiotech Executive Director Abdulqader Alkhayat.

-- (UNI) -- 02MC24.xml

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