India's Tata Group pharma R&D unit Advinus to double drug discovery projects
India-based Advinus Therapeutics, the pharma R&D wing of the Tata Group, has earmarked investment ranging between 20 billion rupees ($430 million) and 30.0 billion rupees to fuel its expansion plans of its facilities at Pune and Bangalore besides looking at another Greenfield option. The company would tap the private equity investors from within the Group to fund the expansion program. Also the company is looking to garner growth through inorganic route that is likely to be pursued after fiscal 2010, according to a company web posting.
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